December 26, 2019 / 8:17 AM / 25 days ago

Hengfeng Bank ex-chairman sentenced to death with two year reprieve

BEIJING, Dec 26 (Reuters) - The former chairman of China’s troubled Hengfeng Bank, Jiang Xiyun, was sentenced to death with two year reprieve for graft, the local court said on Thursday.

The Shandong-based bank is in the midst of a restructuring led by the authorities.

Reporting by Judy Hua, Lusha Zhang and Ryan Woo; editing by Jason Neely

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