(Yicai Global) Nov. 26 -- The balance of trust funds invested in real estate was CNY2.78 trillion (USD395 billion) trillion in the third quarter, a decrease of CNY148.7 billion from the second quarter and an over 5 percent drop from the previous quarter. This is the first time this has happened since the fourth quarter of 2015, according to data the China Trustee Association released today.

The balance of entrusted assets of 68 trust companies in China was CNY22 trillion as of the end of the third quarter in a CNY37.7 billion drop from the end of the second quarter, and a 2.39 percent decline from the one before.

Editor: Ben Armour