But analysts say the apparent success of the clampdown on lending disguises a worrying new trend that involves Banks co-operating with lightly regulated trust companies to keep loans off their books.

不过有分析人士指出，成功抑制贷款的背后另有隐忧，那就是银行与信托公司可能联手将贷款转移出他们的账面。

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Once they had determined that a trust was essentially healthy, the bankers supplied it with cash, matching their loans dollar-for-dollar with the trust's collateral assets.

一旦这些银行家决断某家信托公司大体上是健康的，他们便立刻给予其资金支持——每一美元的贷款都要有该信托公司的抵押资产做担保。

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The China Banking Regulatory Commission instructed Banks to move at least 25% of loans issued through trust companies back onto their balance sheets at the end of each quarter.

银监会要求商业银行每季度至少25%的、通过信托公司发放的贷款转入银行的资产负债表内核算。

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The rise in TSF was driven by increases in bank loans, corporate bond issuance, and trust loans.

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Moreover, the current credit boom through trust loans and bond issuance will heighten financial risks in the economy.

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In 2012, total credit financing grew 20%, with trust loans up 80%, FX loans up 27% and bond financing increasing 45%.

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