On November 10, the Second Intermediate People's Court of Beijing publicly pronounced the bribery case of Li Shiqian, a former first-level inspector of the Urban Commercial Banking Supervision Department of the China Banking and Insurance Regulatory Commission. Li Shiqian was sentenced to 11 years in prison and a fine of RMB 1 million yuan for taking bribes. Defendant Li Shiqian's illegal proceeds from taking bribes were recovered, confiscated, and handed over to the national treasury.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.