From BBC NEWS: “Two senior officials at one of China’s top commercial banks have reportedly disappeared after funds worth up to $120m (¬£64m) went missing.
The pair both worked at Bank of China in the northern city of Harbin, the South China Morning Post reported.
The latest scandal at Bank of China will do nothing to reassure foreign investors that China’s big four banks are ready for international listings.
Government policy sees the bank listings as vital economic reforms.
Bank of China is one of two frontrunners in the race to list overseas. The other is China Construction Bank. Both are expected to list abroad during 2005.”
