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Tuesday, January 28, 2014
ANBOUND: Breaking the Myth of Rigid Honoring the Sooner the better
ANBOUND

Although the honoring case of China Credit Trust Co., Ltd. has come to an end temporarily, whether the myth of rigid honoring needs to be broken is still uncertain. ANBOUND think tank scholars and other institutes generally believe that the development of China's trust industry needs a default, because this default is part of the market rules, while the endless rigid honoring doesn’t match the market-oriented economy. If China Credit Trust wills to be the pioneer, it will be shocked in the short term, but the whole industry and market development could benefit from this. The relevant departments particularly have to prepare to cope with the aftermath of breaking the myth of rigid honoring.

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