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Former head of Postal Savings Bank in the dock

The former head of Postal Savings Bank of China Co is being investigated for suspected bribe-taking, embezzlement and corruption. The action against ex-president Tao Liming, who was under investigation as long ago as 2012, was announced by the Supreme People's Procuratorate on its micro blog and website. Postal Savings Bank, the lending arm of State-owned China Post Group Co, plans to seek more than $4 billion in an initial public offering in Hong Kong and Shanghai, people with knowledge of the matter said in June.

Direct flights boost Chinese tourism to Cambodia