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China Executes Former Huarong Executive After Top Court Upholds Death Sentence

The rare non-suspended penalty highlights an intensifying crackdown on graft in the financial sector.

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The former Chinese senior banker was executed after being convicted of taking 1.1 billion yuan in bribes. (Representational image).
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Overview

  • State media said Bai Tianhui, ex-general manager of China Huarong International Holdings, took 1.1 billion yuan (about $156 million) in bribes for favorable deals from 2014 to 2018.
  • He was sentenced to death by the Tianjin No. 2 Intermediate People’s Court in May 2024, and the Tianjin High People’s Court upheld the verdict in February 2025 before Supreme People’s Court approval.
  • CCTV reported he was executed in Tianjin on Tuesday after meeting close relatives, with no details disclosed on how the sentence was carried out.
  • Courts described the case as exceptionally serious, citing the huge sums, severe circumstances, and especially harmful impact on state and public interests.
  • The execution fits a broader finance-sector anti-graft drive that has targeted Huarong and other institutions, including the 2021 execution of former Huarong chairman Lai Xiaomin.