China's anti-corruption crackdown is in the limelight after it executed a former executive of China Huarong International Holdings, Bai Tianhui, linked with $156 million (or 1.1 billion yuan) bribery, state broadcaster CCTV reported. Bai Tianhui, who was the ex-general manager of China Huarong International Holdings (CHIH), was executed on Tuesday as he was found guilty of accepting bribes.

As per the conviction charges, he played a key role in the acquisition and financing of projects between 2014 and 2018 during which he offered favourable treatment. This recent Chinese government's intensified crackdown on corruption, particularly within its financial institutions, follows similar actions against other high-ranking officials. Over the years, Huarong has been a major target of President

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