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China executes former banker
Cape Times
|December 10, 2025
CHINA executed a former executive of a top state-controlled asset management firm for corruption yesterday, state media reported.
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Bai Tianhui, the ex-general manager of China Huarong International Holdings (CHIH), was found guilty of accepting more than $156 million (R2.6billion) while offering favourable treatment in the acquisition and financing of projects between 2014 and 2018, state broadcaster CCTV said.
CHIH isa subsidiary of China Huarong Asset Management, which focuses on bad-debt management as one of the country’s largest asset management funds.
This story is from the December 10, 2025 edition of Cape Times.
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