China Executes Former Top Banker Bai Tianhui for $156M Bribery

• Former senior banker Bai Tianhui was executed in China for corruption, having accepted over $156 million in bribes.
• Tianhui, from China Huarong International Holdings, offered favorable treatment for project acquisitions and financing between 2014 and 2018.
• His execution is part of President Xi Jinping's ongoing anti-corruption crackdown, with his crimes deemed "exceptionally serious."
• Tianhui is the latest high-ranking figure to face severe punishment in China's finance sector for corruption.

Why It Matters: This execution underscores China's strict anti-corruption measures in finance.