Scandal has once again embroiled the Bank of China, with much speculation over the sudden recall of Liu Jinbao, the best-known mainland banker in Hong Kong. The chief executive of the Bank of China (Hong Kong) had played a key role in the restructuring and listing of the new entity, and was also the public face of the bank – particularly in his role as chairman of the weekly meetings of the Hong Kong Association of Banks. Five years is the average length of service for mainland executives in Hong Kong. But Liu's recall was not a routine transfer. He is helping with investigations into lending irregularities touching on borrowers and bankers in Shanghai and Hong Kong.
June 01, 2003