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China Trusts Fuel Stocks With 28% Jump in Investment

China’s trusts, part of the shadow-banking industry, fueled a stock-market rally by boosting their investments in equities by a record 122 billion yuan ($19.5 billion) in the fourth quarter.

The increase, reported by the China Trustee Association on Friday, was the biggest by value in data starting in 2010. The 28 percent gain was the largest since the third quarter of 2010.