Saturday, August 29, 2015   

US $5 bn-plus irregularities at China fund, banks
(06-19 19:07)

Irregularities amounting to more than US$5 billion have been found at China's sovereign wealth fund and two large state-owned banks, according to the state auditor, offering a glimpse into the opaque management of government-controlled firms.
China Investment Corporation (CIC), Bank of China and Agricultural Development Bank of China violated regulations in areas including asset selling, loan issuance and fraudulent invoicing, according to the National Audit Office (NAO).--AFP
   
Other China breaking news:
Susan Rice notes differences and difficulties in Sino-US relationship (08-28 19:58)
Vietnam frees 16 Chinese and six Malaysian convicts (08-28 16:52)
(Tianjin disaster) 28 including 16 firefighters still missing (08-27 22:10)
(Tianjin disaster) Tianjin Port Development says deputy chair Zheng held for ‘dereliction of duty' (08-27 20:32)
45 in Xinjiang jailed on terrorism-related charges (08-27 18:50)
Buenos Aires puts China-made subway cars to the test (08-27 12:51)
(Tianjin disaster) Tianjin Port Holdings chief and Ruihai Logistics chairman held (08-27 11:22)
National work safety chief Yang Dongliang booted out (08-26 18:52)
US and China secure clean coal deal (08-26 14:16)
Susan Rice heads for Beijing (08-25 22:06)

More breaking news >>

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