China has executed Bai Tianhui, a former senior banker and general manager of China Huarong International Holdings (CHIH), for accepting over $156 million in bribes. This execution marks the latest development in President Xi Jinping's extensive anti-corruption campaign targeting the finance industry.

• Bai Tianhui was found guilty of taking more than $156 million in bribes between 2014 and 2018.
• The execution was reported on Tuesday, following an appeal that upheld the original verdict from May 2024.
• Bai's predecessor, Lai Xiaomin, was executed in January 2021 for receiving $253 million in bribes, highlighting the ongoing crackdown on corruption within state-controlled asset management firms like Huarong Asset Management.