He also said that although BlackRock misjudged the commercial real-estate sector, it is an area on which it will be refocusing and that the asset-management business is changing drastically.

他还说，虽然贝莱德对商业地产行业出现了误判，但它将重新关注这一领域；另外资产管理行业正在发生极大的变化。

youdao

Its surging real estate sector, buoyed by a flood of speculative capital, looks like "Dubai times 1, 000 - or worse," he frets.

迅猛增长的房地产业，由大量涌入的投机资本支持，“中国地产泡沫比迪拜严重1000倍以上”，他说。

youdao

He said he was most worried about the real estate sector.

他说他最为担心的是房地产部门。

youdao

Regulators in early November warned the trust companies of risks in the real-estate sector.

WSJ: China's Lending Spills Over Limits

By its own estimate, about 30% of lending went to the shaky real-estate sector, mostly Bangkok housing.

CNN: When Guts Are Not Enough

"Having property developers turn to trusts should act as a limit on overheating of the real-estate sector simply because the higher cost of capital leaves them with less options, " said Mr. Gleave.

WSJ: China's Lending Spills Over Limits