Former Top Regulator of Shanghai State-owned Asset Charged With Bribery

What’s new: Bai Tinghui, former head of Shanghai’s municipal state-owned asset watchdog, has been charged with “taking huge amounts” in bribes, nearly seven months after he was placed under investigation for corruption.

Prosecutors in Shanghai accused Bai of abusing his roles as vice president of Shanghai Shentong Metro Group Co. Ltd. and director of the Shanghai State-owned Assets Supervision and Administration Commission. He allegedly exploited his positions to help others secure project contracts, settle payments and manage company operations, in return for illegally obtaining large amounts of bribes, according to a statement.