Posted on 12/12/2025 5:59:43 AM PST by DFG
The Communist Party of China confirmed on Tuesday that it had executed Bai Tianhui, who once held several high-ranking positions at the embattled finance giant Huarong, after several appeals in the Tianjin court system failed.
Bai was convicted on multiple appeals of bribery while holding several positions in various arms of Huarong, including Huarong (Hong Kong) International Holdings Co., Ltd., and China Huarong International Holdings Co., Ltd. He is the second executive associated with Huarong — whose central entity is China Huarong Asset Management — that the Chinese government has executed in recent memory. Huarong has been the subject of intense Chinese government interference, including a massive bailout in 2022 to keep it afloat after asset managers at the corporation, referred to in some reports as a “bad bank,” made high-risk financial bets that threatened the entirety of the communist nation’s embattled economy.
“The amount of bribes involved was particularly huge, the circumstances of the crime were especially severe, the social impact was particularly egregious, and it caused especially significant losses to the interests of the state and the people,” the state newspaper declared.
Bai was first sentenced to death in May 2024 over the bribery accusations, three years after Lai Xiaomin, the former chairman of the central Huarong corporation, was executed on similar charges of bribery. At the time, reports noted that the Chinese government chose to execute Bai even after publicly revealing that he had cooperated with authorities, reportedly telling them about “major crimes” at Huarong that police were not aware of yet. This was not enough for the Communist Party to lower the sentence.
(Excerpt) Read more at breitbart.com ...
We should be doing the same, starting with Omar, Ellison, & Walz.
Ditto. We are so lame.
In a system of universal corruption, like the CCP, and honest man would be eliminated because he couldn’t be trusted to stay under the bosses’ thumbs, or would never rise to power.
It does not pay to be outbid on your bribes or welsh on ones already committed in China.
Corruption is not a crime in China - its a way of life, a culture perk, unless you get caught and do not have enough money to bribe your way out, or what you are doing threatens the supremacy of the Party.
They must have done something way wrong and/or someone decided they were going to be the fall guys. All inner party people take bribes and perks. They only use that against them when they want them gone.
Yes. And heads of banks and corporations and universities.
It’s tough to know what to make of this without commentary from our Chinese FReepers.
China eating itself alive ,LOL
Agree. He probably bucked some policy, like Henry Cuellar did here with the Biden mafia. There they get a bullet; here they get a prison sentence followed by a pardon.
Can anyone even slightly imagine the high flying corporate crooks in America facing the death penalty for huge fraud? They may or not serve a few years and then get pardons.
We don’t even prosecute TRAITORS here.
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