Former chief of China's top state lender executed for corruption January 29, 2021 at 01:54AM

The Second Municipal Intermediate People's Court of Tianjin, which sentenced him to death, earlier in its ruling said that between 2008 and 2018, Lai, former board chairman of China Huarong Asset Management Co, took undue advantage of his various posts in the former China Banking Regulatory Commission and Huarong, among others, to assist certain organisations and individuals with financing, project contracting, business operations and job promotion or transfer.