BEIJING—The former chairman of China’s troubled Hengfeng Bank was sentenced to death with a two-year reprieve, a local court said on Dec. 26.
Jiang Xiyun, who served as chairman of Hengfeng Bank from 2008 to 2013, was convicted of corruption, receiving bribes, illegally issuing financial notes, and illegally destroying accounting vouchers and accounting books, according to the Yantai Intermediate People’s Court.
