BANK OF CHINA LIMITED 中國銀行股份有限公司

He thereby enters the Webb-site Hall of Shame, joining the bank's ex-President Wang Xuebing (jailed for 12 years in 2003) and ex-Vice Chairman Liu Jinbao (suspended death sentence, 2005). In our view, Xi Jinping's "Tigers and Flies" anti-corruption campaign, running since 2012, is doomed to fail so long as civil servants (including those in State-Owned Enterprsies) are underpaid.

When he resigned from BoC on 18-Mar-2023, the Board expressed "high praise and sincere gratitude" "for his tremendous contributions during his tenure".

The court found Pan's claims of duress and illegality to be unsubstantiated and upheld the statutory demand for CNY696m against Mr Pan and winding-up petition against Proman International Ltd.

For overcharging clients in bond mark-ups by failing to pass on lower-than-expected execution prices.

The Bank of China (3988) subsidiary allowed clients to upgrade their investment risk without justification and to achieve "high asset concentration" - more than 20% of net assets in one product - in the majority of transactions in the relevant periods.

If you bought BOC (3988) on 31-Dec-2008 or 13-Jan-2009, or CCB (0939) on 6-Jan-2009, and if by chance your order was matched with a sale by Tiger Asia, then you are in line for a payout for their insider dealing. This folows the same system as the Du Jun case announced on 12-Dec-2013. As we said, it is a lottery allocation, because other investors who bought at that time will not get the payout. You have about a 1 in 5 chance of a payout in each stock.

The judge finds that the court does not have jurisdiction to determine whether the defendants contravened section 295(1) of the SFO. If the SFC wants to take the matter further then it must either go to the Market Misconduct Tribunal, or to criminal prosecution.