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.
Caixin
China regulators seize Sichuan Trust to force restructuring
Move part of closer oversight of once free-wheeling $3.1 trillion trust industry
The China Banking and Insurance Regulatory Commission. Its Sichuan branch sent a working team jointly formed with the local government to supervise the operations of Sichuan Trust. © Reuters
Read Next
Latest on Caixin
