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<\/p>\n\n This photo shows Bai Tianhui (C), the former general manager of China Huarong International Holdings, a subsidiary of Huarong Asset Management, during his sentencing.\n <\/p>\n
Tianjin No 2 Intermediate People\u2019s Court\/AFP<\/p>\n<\/p><\/div>\n<\/p><\/div>\n
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- China executed former top banker Bai Tianhui.<\/b><\/li>\n
- He was convicted of accepting more than $156 million in bribes.<\/b><\/li>\n
- Bai was put to death in Tianjin after meeting with close relatives.<\/b><\/li>\n<\/ul>\n
\nChina executed a former executive of a top state-controlled asset management firm for corruption on Tuesday, state media reported.<\/p>\n
Bai Tianhui, the ex-general manager of China Huarong International Holdings (CHIH), was found guilty of accepting more than $156 million while offering favourable treatment in the acquisition and financing of projects between 2014 and 2018, state broadcaster CCTV said.<\/p>\n
CHIH is a subsidiary of China Huarong Asset Management, which focuses on bad-debt management as one of the country\u2019s largest asset management funds.<\/p>\n
Huarong has been a major target of President Xi Jinping\u2019s years-long graft crackdown, with its former chair Lai Xiaomin executed in January 2021 for receiving bribes worth $253 million.<\/p>\n
Several other Huarong executives have also been snared in anti-corruption investigations.<\/p>\n
READ | <\/b>‘Prolific’ Chinese rapist jailed for life in UK<\/b><\/a><\/p>\n
Death sentences for corruption in China are often issued with a two-year reprieve and then commuted to life in prison.<\/p>\n
But Bai\u2019s sentence, first handed down in May 2024 by a court in the northern city of Tianjin, was not suspended.<\/p>\n
He appealed against his conviction, but the original verdict was upheld in February.<\/p>\n
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China on Tuesday executed Bai Tianhui, former general manager of China Huarong International Holdings Limited, after being convicted of bribery.
The execution was carried out by a court in north China’s Tianjin Municipality, following the approval of the Supreme People’s Court. pic.twitter.com\/kHMF7nv5bz<\/a><\/p>\n\u2014 People’s Daily, China (@PDChina) December 9, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/div>\n
The Supreme People\u2019s Court, China\u2019s highest court, confirmed the decision after review, stating that Bai\u2019s crimes were \u201cextremely serious\u201d, CCTV reported.<\/p>\n
\u201c(Bai) accepted bribes of an exceptionally large amount, the circumstances of his crimes were exceptionally serious, the social impact was especially egregious, and the interests of the state and the people suffered exceptionally significant losses\u201d, CCTV quoted the SPC as saying.<\/p>\n
Bai was put to death in Tianjin on Tuesday morning after meeting with close relatives, the broadcaster said, without specifying how he was executed.<\/p>\n
China classifies death penalty statistics as a state secret, though Amnesty and other rights groups believe thousands of people are executed in the country every year.<\/p>\n
Bai is the latest high-ranking figure to face punishment in a long-running crackdown on corruption in China\u2019s finance industry.<\/p>\n
Yi Huiman, former chief of China\u2019s top securities regulator, was placed under investigation for corruption in September.<\/p>\n
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We stand in solidarity with these organisations who continue fighting in the face of oppression.<\/p>\n
The fight doesn\u2019t end until human rights are enjoyed by everyone. The power to create positive
change is within all of us if we work together.#HumanityMustWin<\/a> pic.twitter.com\/JN1hS1SzkV<\/a><\/p>\n - He was convicted of accepting more than $156 million in bribes.<\/b><\/li>\n