Exclusive: Two Former CICC Execs Jailed for Bribery
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Han Tao (left), Liang Guozhong. Photo: AI generated
Two former senior executives at subsidiaries of investment banking giant China International Capital Corp. Ltd. (CICC) have been jailed for taking tens of millions of yuan in bribes, Caixin has learned.
Han Tao, a former executive director at private equity subsidiary CICC Capital Operation Co. Ltd., is serving a 10-year prison term after being found guilty of job-related crimes including bribery, people with knowledge of the matter said.
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- Han Tao, ex-executive director at CICC Capital, received a 10-year sentence for bribery and job-related crimes involving tens of millions of yuan.
- Liang Guozhong, former chairman of CICC Alpha, was sentenced to seven years in prison for taking over 40 million yuan ($5.6 million) in kickbacks.
- Both cases are linked to ongoing investigations and scandals at CICC Capital and its subsidiaries.
AI generated, for reference only
Who’s Who
- China International Capital Corp. Ltd.
- China International Capital Corp. Ltd. (CICC) is an investment banking giant. Two former senior executives from its subsidiaries, Han Tao of CICC Capital Operation Co. Ltd. and Liang Guozhong of CICC Alpha (Beijing) Private Investment Fund Management Co. Ltd., have been jailed for bribery. CICC Capital has previously faced scrutiny, including a scandal involving Han Tao in early 2021.
- CICC Capital Operation Co. Ltd.
- CICC Capital Operation Co. Ltd. is a private equity subsidiary of China International Capital Corp. Ltd. (CICC). It was established in 2017. The company recently faced scrutiny due to its former Chairman, Ding Wei, being investigated, and previous scandals involving former executive director Han Tao, who was jailed for bribery and other job-related crimes. CICC Capital is also the parent company of CICC Alpha (Beijing) Private Investment Fund Management Co. Ltd.
- CICC Alpha (Beijing) Private Investment Fund Management Co. Ltd.
- CICC Alpha (Beijing) Private Investment Fund Management Co. Ltd. is a subsidiary of CICC Capital. Its former chairman, Liang Guozhong, was sentenced to seven years in prison for taking over 40 million yuan in kickbacks tied to companies in the fund’s portfolio. He resigned from his posts in late 2021 before the bribery allegations were made public within CICC in 2024.
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What Happened When
- 2017：
- Han Tao joined CICC’s investment department, the same year CICC Capital was established.
- 2020：
- Han Tao and Yang Yawei secretly set up a fund masquerading as a CICC affiliate, allegedly controlled by Han's relative Sun Hong.
- Early 2021：
- A whistleblower reported Han Tao for alleged misconduct, including an affair and kickbacks, leading to scrutiny of CICC Capital.
- Late 2021：
- Liang Guozhong suddenly resigned from CICC Alpha and several other institutions.
- 2024：
- CICC announced internally that Liang Guozhong was suspected of bribery.
- Around 6 months before 2025：
- Liang Guozhong was sentenced to 7 years in prison for taking kickbacks.
- Last week (in 2025)：
- Caixin reported that CICC Capital’s former Chairman Ding Wei was taken away by Chinese authorities.
AI generated, for reference only
- CX Weekly Magazine
Aug. 22, 2025, Issue 32
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