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
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