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Caixin Global

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Wu Yujian and Han Wei

Former Deputy Head of China Taiping Pleads Guilty of Taking $11 Million in Bribes

A court in Xinxiang, Henan province, heard Xiao’s case Thursday

What’s new: Xiao Xing, former deputy general manager of the state-owned China Taiping Insurance Group Ltd., has pleaded guilty to accepting more than 81 million yuan ($11 million) in bribes over 25 years while serving as a senior government official and financial executive.

Xiao’s crimes spanned from 1998 to 2023 during his tenure as an official at the Shanghai Municipal Committee of the Communist Youth League and as a senior management member of state-owned China Life Insurance Co. Ltd. and Taiping Insurance Group Ltd., the procuratorate said.

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One subscription that gives you access to news from hundreds of sites

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A judge seals Cornell case files after a Marine who shares a name with one of the accused men and his family face threats over a wrong address

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