On [date], the Tianjin High People's Court publicly announced the second-instance judgment in the appeal case of Bai Tianhui, former general manager of China Huarong International Holdings Limited, for bribery. The court ruled to reject the appeal, uphold the death penalty, and submit the case to the Supreme People's Court for approval in accordance with the law.

Previously reported on [date], the Second Intermediate People's Court of Tianjin publicly announced the first-instance verdict in the case of Bai Tianhui, former general manager of China Huarong International Holdings Limited, for accepting bribes. The defendant Bai Tianhui was sentenced to death for the crime of bribery, deprived of political rights for life, and had all personal property confiscated. The bribes accepted by Bai Tianhui and any proceeds derived from them were ordered to be recovered and turned over to the state treasury, with any shortfall to continue to be pursued for recovery.

After trial, it was found that between the years [specific years], the defendant Bai Tianhui, taking advantage of his positions as head of the Business Development Department III, general manager, and managing director of the Investment Banking Department at Huarong (Hong Kong) International Holdings Limited, as well as capital operations director, assistant general manager, director, deputy general manager, and general manager at China Huarong International Holdings Limited, provided assistance to relevant entities in matters such as project acquisitions and corporate financing. In return, he illegally accepted properties equivalent to more than RMB [specific amount] billion.

The Second Intermediate People's Court of Tianjin Municipality held that the actions of the defendant, Bai Tianhui, constituted the crime of bribery. Bai Tianhui's bribery involved an especially large amount of money, the circumstances of the crime were especially severe, the social impact was especially egregious, and it caused especially significant losses to the interests of the state and the people. The crime was extremely serious, and according to the law, he should be sentenced to death.

Although Bai Tianhui exposed others' significant criminal acts and provided crucial leads for solving other cases, all of which were verified as true, constituting major meritorious service, the facts, nature, circumstances, and degree of social harm of the bribery crimes he committed were not sufficient to warrant a lenient punishment. The court thus rendered the aforementioned judgment.