There were 1,819 people sent to jail on tax charges.
The tax charge was 28.6% compared with 32.1% in the previous year.
He spent two and a half months in jail this year on tax charges.
The classic reason is to avoid a double tax charge.
Six others also face Federal tax charges, the official said.
The Government had the option to reverse the higher tax charges but didn't.
King became the first person ever prosecuted by the state on criminal tax charges.
The tax charges are the government's first intervention in the case.
It is rare for anyone to be arrested on tax charges in China, he said.
The bank also took a $300m tax charge on its Japanese operations.
