The Yantai Intermediate People’s Court in Shandong province handed down a death sentence with a two-year reprieve to Jiang Xiyun, who was the chairman of Hengfeng Bank from 2008 to 2013. Photo: Weibo

Chinese banker who embezzled US$108 million handed suspended death sentence

  • Jiang Xiyun, the former chairman of Hengfeng Bank, also took US$8.6 million in bribes and illegally guaranteed 3.7 billion yuan in credit
  • He destroyed accounts and records relating to US$94 million, according to the court ruling
Topic |   China economy

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The Yantai Intermediate People’s Court in Shandong province handed down a death sentence with a two-year reprieve to Jiang Xiyun, who was the chairman of Hengfeng Bank from 2008 to 2013. Photo: Weibo
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He Huifeng

He Huifeng

He Huifeng is an award-winning journalist and has been focusing on mainland news reporting since 2001 for several overseas media. She has gained an in-depth knowledge of political, economic and social issues on the mainland through years of close observation, which has given her a love for journalism in the field.