Tong Daochi, a former senior official of China's southern Hainan province and an ex-securities regulator, was sentenced to death for bribery and insider trading, with a two-year reprieve, the official Xinhua News Agency reported on Thursday.
Tong, also former China Communist Party secretary in the city of Sanya in the province, received bribes worth 274 million yuan ($41.07 million) between 2004 and 2020, Xinhua said.
When Tong was vice head of the issuance department of the China Securities Regulatory Commission (CSRC) in 2006 and 2007, he obtained 3.38 million yuan of illegal profit through insider trading, the article said.
