Bo Xilai case ensnares Ag Bank's funds JV

Agricultural Bank of China (ABC) has seconded Diao Qinyi to its joint-venture fund management company, ABC-CA, as its new chairman to replace Yang Kun, who has been detained and is being investigated by China’s governmental departments, according to a filing yesterday. There is no result of the investigation announced yet, but Chinese media widely speculates that his case involves loan agreements ABC signed with a property developer in Beijing and probes into Dalian Shide Group, w…