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.
