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…
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