China executes second ex-Huarong executive for $156M bribe

• China executed Bai Tianhui, former general manager of China Huarong International Holdings Ltd.
• Bai Tianhui was executed for taking 1.1 billion yuan ($156 million) in bribes.
• This execution is part of President Xi Jinping's ongoing crackdown on financial crime.
• Bai is the second ex-Huarong executive executed, following former chairman Lai Xiaomin in 2021.
• China's anti-graft campaign has recently focused on the financial sector, leading to several high-profile death sentences.

Why It Matters: It highlights China's unwavering crackdown on financial sector corruption.