Commentary
On Dec. 22, 2020, Sichuan Trust was officially taken over by China’s regulators for restructuring, after the company was found to have violated finance-related laws and regulations, according to Chinese media reports.
Thinking About China
Opinion
China’s Takeover of Trust Company Highlights Severity of Financial Crisis
A bank employee counts out 100 yuan notes at a bank in Shanghai on Aug. 8, 2018. Johannes Eisele/AFP via Getty Images
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Chen Simin
Author
Chen Simin is a freelance writer who often analyzes China’s current affairs. She has contributed to The Epoch Times since 2011.
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