Former chairman of China Everbright jailed for 12 years

A former chairman of the state-owned bank China Everbright Group was jailed 12 years for embezzlement and bribery, official broadcaster CCTV said this week. Tang Shuangning, who

Central Bank moves to spur its slowing economy and boost markets by cutting required bank reserves

China’s central bank said yesterday it will cut amount of reserves it holds for banks as part of a slew of measures to support the slowing

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MACAU DAILY TIMES