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

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[unable to retrieve full-text content]Last week’s execution of a former top banker at one of China’s largest state-controlled asset management firms set a record – never before had a senior Chinese financial official been put to death in such a swift manner.Lai Xiaomin, former chairman of China Huarong Asset Management, was sentenced to death on January 5 by the Tianjin No 2 Intermediate People’s Court, convicted of accepting US7 million worth of bribes. The Tianjin High Court rejected his appeal on January 21. And on Friday,…

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[unable to retrieve full-text content]
Last week’s execution of a former top banker at one of China’s largest state-controlled asset management firms set a record – never before had a senior Chinese financial official been put to death in such a swift manner.Lai Xiaomin, former chairman of China Huarong Asset Management, was sentenced to death on January 5 by the Tianjin No 2 Intermediate People’s Court, convicted of accepting US$277 million worth of bribes. The Tianjin High Court rejected his appeal on January 21. And on Friday,…
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