Regulators took control of Sichuan Trust after the local trust company failed to deliver a satisfactory resolution of a $3.6 billion investment repayment crisis that has dragged on since May.
The Sichuan branch of the China Banking and Insurance Regulatory Commission (CBIRC) sent a working team jointly formed with the local government to supervise the operations of Sichuan Trust in southwest China's Sichuan province and carry out a management reshuffle, the CBIRC branch said Tuesday
