Beijing: China executed Bai Tianhui, former general manager of China Huarong International Holdings (CHIH), on Tuesday for corruption, state media reported.

Bai was convicted of accepting bribes exceeding $156 million in exchange for favourable treatment in project acquisitions and financing from 2014 to 2018, according to state broadcaster CCTV.

CHIH, a subsidiary of China Huarong Asset Management, one of the nation's largest bad-debt managers, has faced intense scrutiny under President Xi Jinping's anti-graft campaign, including the 2021 execution of its former chairman Lai Xiaomin for $253 million in bribes.

Unlike typical corruption death sentences with two-year reprieves commuted to life, Bai's May 2024 Tianjin court verdict carried no suspension despite his appeal; the Supreme Peo

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