Aug 12, 2024 05:40 PM
CHINA
Shanghai’s Former State-Owned Asset Manager Chief Pleads Guilty to Bribery
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
What’s new: Bai Tinghui, former chief of Shanghai’s state-owned asset supervisor, has pleaded guilty to accepting over $12 million in bribes over nearly two decades, according to a local court.
Bai, 57, is accused of taking advantage of the roles he served in between 2004 and 2023 including director of the Shanghai State-owned Assets Supervision and Administration Commission (SASAC) as well as senior positions held in the municipality’s metro and water systems.
Register to read this article for free.
Register
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
- RELATED
Share this article
Open WeChat and scan the QR code
- DIGEST HUB
Digest Hub
Back
Explore the story in 30 seconds
- Bai Tinghui, former chief of Shanghai's state-owned asset supervisor, pled guilty to accepting over $12 million in bribes from 2004 to 2023.
- Prosecutors allege Bai used his positions to help others with contracts and operations, receiving 88.91 million yuan in bribes.
- Bai’s sentence will be announced later; he is the sixth delegate of the current National Congress to be publicly tried.
AI generated, for reference only
Who’s Who
- Shanghai Shentong Metro Group Co. Ltd.
- Shanghai Shentong Metro Group Co. Ltd. is the state-owned operator of Shanghai's subway system. Bai Tinghui, the former director of Shanghai’s SASAC, was targeted for investigation during his tenure at this company. The investigation revealed that Bai used his positions to facilitate project contracts and operations, receiving substantial bribes.
AI generated, for reference only
What Happened When
- Between 2004 and 2023：
- Bai Tinghui served in various positions including director of the Shanghai State-owned Assets Supervision and Administration Commission (SASAC) as well as senior positions in the municipality’s metro and water systems.
- February 2019：
- Bai Tinghui began serving as the director and Communist Party chief of the Shanghai SASAC.
- October 2022：
- The current National Congress of the Communist Party was elected.
- Nearly a year ago (before August 8, 2024)：
- Bai Tinghui came under investigation.
- July 2024：
- Cui Maohu, former head of China’s religious affairs regulator, was sentenced to 11 years in prison for bribery.
- By August 8, 2024：
- A local court reported that Bai Tinghui had pleaded guilty to accepting over $12 million in bribes.
AI generated, for reference only
- PODCAST
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新