(ECNS) -- A court in Tianjin on Tuesday executed Bai Tianhui, former general manager of China Huarong International Holdings Ltd., after convicting him of taking about 1.108 billion yuan ($152 million) in bribes.
The execution follows approval from the Supreme People's Court.
Legal proceedings began on May 28, 2024, when the Tianjin No. 2 Intermediate People's Court sentenced Bai to death for bribery, also depriving him of political rights for life and ordering the confiscation of all his personal property.
According to the SPC's findings, between 2014 and 2018, Bai abused his positions—including roles such as general manager, managing director, and capital operations director at Huarong (Hong Kong) International Holdings and its subsidiary—to help certain entities secure project acquisitions and corporate financing. In return, he accepted more than 1.108 billion yuan in illicit assets.
Bai appealed the verdict, but the Tianjin High People's Court upheld the original ruling on Feb. 24, 2025, and submitted the case to the SPC for mandatory review.
The SPC emphasized that Bai’s actions were characterized by an "especially huge" amount of bribes, "extremely severe" circumstances, and a "particularly harmful" social impact, which caused massive losses to national and public interests.
Despite Bai’s contributions to exposing other crimes, the court concluded that the gravity of his offenses warranted no leniency.
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