Lai Xiaomin, former chairman of China Huarong Asset Management, was executed on Friday after being convicted last month of accepting US$277 million worth of bribes. Photo: Reuters Lai Xiaomin, former chairman of China Huarong Asset Management, was executed on Friday after being convicted last month of accepting US$277 million worth of bribes. Photo: Reuters
Lai Xiaomin, former chairman of China Huarong Asset Management, was executed on Friday after being convicted last month of accepting US$277 million worth of bribes. Photo: Reuters
Zhou Xin
Opinion

Opinion

Zhou Xin

China’s quick execution of former top banker shows Beijing is dead serious about quelling corruption

  • A legal procedure that usually goes on for months or even years was wrapped up in less than four weeks, from start of the trial to former top banker’s death
  • Lai Xiaomin’s swift execution sends the sternest of warnings in matters concerning corruption and financial risks

Zhou Xin
Zhou Xin

Updated: 10:58pm, 1 Feb, 2021

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Lai Xiaomin, former chairman of China Huarong Asset Management, was executed on Friday after being convicted last month of accepting US$277 million worth of bribes. Photo: Reuters Lai Xiaomin, former chairman of China Huarong Asset Management, was executed on Friday after being convicted last month of accepting US$277 million worth of bribes. Photo: Reuters
Lai Xiaomin, former chairman of China Huarong Asset Management, was executed on Friday after being convicted last month of accepting US$277 million worth of bribes. Photo: Reuters
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Zhou Xin

Zhou Xin

Zhou Xin co-leads the political economy team at the Post. He mainly covers economic stories but also writes about Chinese politics and diplomacy. He has previously worked for Reuters and Bloomberg in Beijing.