Trust-channel fee rates have risen as leading trust companies proactively cut
channel volumes and lift fees. Market participants say multiple counterparties
are competing at single wealth managers for outsourced-mandate access as top
trusts reduce their channel capacity, freeing business for mid- and small-sized
trusts to capture. Several major trusts have already raised channel fees and
scaled back business; industry sources say the market share ceded by leaders
represents meaningful growth space for smaller firms. China Securities Journal.
