Recently, the 63 trust company around China had received the emergency call to be requested to get the approval from  CBRC instead of  the report after done for each of the real estate trust case.

Following the Wondows Guide policy by CBRC in May, the Chinese banking regulation has launched a all of the country's campaign to curb the HOT real estate trust loan. For all of the trust companies, each developer's trust loan must get the approval from CBRC other than the report after done before. It's a strong measure to regulate the real estate trust, maybe the MAY policy's effect is not be implemented better by trust peers.

By this new policy, CBRC has the power and take a positive status on the trust products' launch, she decide the trust plan's launch time, sum and entrance, we have nothing to do but wait for her approval, howerve, we don't know when to approve.

Unfortunately, I have three cases will to be got the approval. It's a bad news for me, however, it's the real life, we have no choice but face it. Anyway, I have the hope because the regulaiton hasn't curb the developer's loan completely.