(From South China Morning Post)
Byline: Christine Chan and Fong Tak-ho
When a high-profile conference begins in Beijing tomorrow to address perhaps the most complex issue facing the national leadership - reform of the financial system - senior cadres will have had some interesting reading to digest.
According to reports published in state-run media yesterday, more than 200 billion yuan (about HK$188 billion) had been "mislaid" by state agencies in the first 11 months of last year, while 7.3 billion yuan had been "lost" through "poor decision-making".
The reports, which herald the start of the National Audit Office's campaign, did not specify which institutions were involved, but the office did name two state-run banks that were involved in "rampant irregularities". …