Kaisa fallout hangs over China trust industry

China analysts are expecting every attempt to be made to avoid the nation's first onshore trust default, with the securities regulator expected to scrutinise the industry more closely in future. Shenzhen-based (and Hong Kong-listed) developer Kaisa failed to make payments on a bank loan with HSBC earlier this month. It has seen its share price plunge after confirming the government banned it from selling three property projects in Shenzhen. It came amid reports its chairman, …