Wednesday, July 8, 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
   
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Eastern region on alert for typhoons (07-07 14:14)
Chinese company completes Sochaux club deal (07-07 13:51)
State media sees need for long-range strategic bomber (07-07 13:37)
Artillery troops test drones at combat drill (07-06 21:00)
Jin Liqun named to head development bank (07-06 17:00)
Xi to meet Putin at BRICS summit (07-06 16:57)

More breaking news >>

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