Former Chinese Finance Tycoon Executed

Lai Xiaomin, then chairman of China Huarong Asset Management Co., speaks during the Boao Forum for Asia (BFA) Annual Conference 2016 in Boao, south China's Hainan province, on March 24, 2016. STR/AFP via Getty Images

Lai Xiaomin, former chairman of China Huarong Asset Management Co., the country’s largest such firm, was executed by a court in Tianjin city on Jan. 29.

The firm was founded in Beijing on Nov. 8, 1999. Since September 2012, Lai also served as the company’s Chinese Communist Party chief.