Twenty-nine years ago today, on April 27, 1996 (March 10, 1996 in the lunar calendar), the first major case in China's financial sector began trial. Zheng Daoci, president of Bank of China Guangdong Zhongshan Sub-branch, embezzled RMB 700 million yuan, which was the largest crime in China's financial industry at that time. The case began trial on April 27, 1996.