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BEIJING (Reuters): China's top graft buster is investigating He Xingxiang, vice president of China Development Bank (CDB), in the latest investigations into top officials at state-owned financial institutions.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Monday (Aug 30)
BEIJING: China Huarong Asset Management Co.’s long-delayed 2020 results showed a record loss, with leverage hitting 1,333 times and capital buffers far short of the regulatory minimum, emphasizing the difficult task ahead for the bad-debt manager that recently secured a government bailout.
BEIJING (Reuters): China sentenced Gu Guoming, a former senior banker at Industrial and Commercial Bank of China (ICBC), to life in jail after being found guilty of bribery, state media said on Thursday (Aug 12).
SHANGHAI: A policy shift by China's government is ratcheting up pressure on automakers to hasten development of green vehicles or pay rivals such as Tesla Inc and Chinese startups for green credits.
HONG KONG: Tencent Holdings Ltd raised $4.15 billion on Friday in its second major bond deal in less than a year as global investors were enticed by its attractive pricing and overlooked a regulatory crackdown on China's tech giants.
HONG KONG: Trading in more than 50 Hong Kong-listed companies was suspended yesterday, after a number of firms failed to report earnings ahead of the March 31 deadline.
HONG KONG (Bloomberg): The bigamy conviction got a lot of the attention but Lai Xiaomin received a death sentence on Tuesday (Jan 5) over a much more serious issue troubling China.
BEIJING (AFP): The former chairman of one of China's largest state-controlled asset management firms was sentenced to death Tuesday for soliciting US$260mil (more than RM1bil) in bribes, corruption, and also bigamy.