Liu Mingkang, Chairman of China Banking Regulatory Commission, the banking watchdog, declared at a working conference recently that the campaign on combating scandals in the banking sector had achieved preliminary effect.

From Jan. to May, financial institutions in the banking sector were implicated in 2,171 cases involving more than 4 billion yuan. The number of cases and value were down respectively by 495, or 18.6 percent, and 720 million yuan or 15.2 percent over the same period of last year.

By People's Daily Online