Former banker on trial for graft

Jiang Xiyun, former president of national commercial lender Hengfeng Bank, went on trial in Shandong province from Tuesday to Friday for alleged crimes including corruption and accepting bribes.

The case was publicly heard in the Yantai Intermediate People's Court.

Jiang appropriated 750 million yuan ($110 million) of Hengfeng Bank's stock and gave it to companies controlled by him and his relatives, taking advantage of his post, from January 2008 to January 2013, the local procuratorate said at court.