China executes ex-Huarong GM Bai Tianhui for $152.8M bribery

• China executed Bai Tianhui, former general manager of China Huarong International Holdings Limited.
• He was convicted of bribery, involving over 1.108 billion yuan ($152.8 million).
• The execution occurred on Tuesday in Tianjin Municipality, following approval by the Supreme People’s Court.
• Bai exploited his positions from 2014-2018 to seek benefits in project acquisitions and corporate financing.
• His crime was deemed extremely serious due to the huge bribe amount and severe social impact.

Why It Matters: This execution signals China's severe crackdown on financial corruption.