Chau Ching-ngai jailed three years

Shanghai tycoon Chau Ching-ngai receives a relatively lenient three-year jail term for manipulating stock prices and falsifying registered capital. Observers had expected a term of up to eight years.

The disgraced tycoon previously ran a vast business empire, spanning luxury residential buildings and a hotel, which had made him the mainland's 11th-richest person.

Full report - A4