China finance official Lai Xiaomin executed in bribery case

The former head of a Chinese state-owned asset management company has been executed on charges of taking bribes in an unusually severe penalty for a recent corruption case.

Lai Xiaomin of China Huarong Asset Management Co., was among thousands of officials snared in a long-running anti-graft campaign led by President Xi Jinping. Others including China’s former insurance regulator have been sentenced to prison.

Lai, 58, was put to death by a court in Tianjin, east of Beijing, the Government announced.

The Second Intermediate…