Overview
- State media reported that a Tianjin court carried out Bai Tianhui’s death sentence on Tuesday.
- Bai, a former chief executive and manager of two China Huarong subsidiaries, took roughly 1.1 billion yuan in bribes between 2014 and 2018.
- He was convicted in May 2024, his appeal was rejected in February, and the Supreme People’s Court later affirmed the sentence.
- Court statements and state television described the case as extraordinary in scale and damaging to public and state interests.
- The execution follows a years-long anti-corruption drive that also saw ex-Huarong chairman Lai Xiaomin executed in 2021, and comes after Huarong’s 2024 renaming under a China Citic Group takeover.