| | Forbes.com: Bank of China a pioneer of reform despite scandals (Site not responding. Last check: 2007-11-07) |
 | | The bank embarked on ambitious reforms under the guidance of Liu Mingkang, whose success there led to his being named as head of the China Banking Regulatory Commission, a watchdog agency set up last year. |
 | | Bank of China posted pre-tax profits, after provisions for items such as bad loans, of just under 20 billion yuan in the first nine months of 2003, up 30 percent from the same period a year earlier. |
 | | The bank was fined $20 million by U.S. and Chinese regulators for misconduct at its New York branch and, in December, Wang was sentenced to 12 years in prison for taking bribes. |
| www.forbes.com /home/newswire/2004/01/06/rtr1199219.html (757 words) |