Former BAIC Chairman Xu Heyi Sentenced to Death with Reprieve for Bribery and Money Laundering
On September 28, 2026, the Beijing No. 3 Intermediate People's Court sentenced Xu Heyi, former Party Secretary and Chairman of BAIC Group, to death with a two-year reprieve for bribery, and to two years in prison for money laundering. The combined sentence includes lifelong deprivation of political rights and confiscation of all personal property. All bribery proceeds and interest were ordered forfeited to the state. Xu, who led BAIC from 2010 to 2020, was investigated after retirement, signaling continued anti-corruption efforts in state-owned enterprises.
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Former BAIC Chairman Xu Heyi Sentenced to Death with Reprieve for Bribery, Money Laundering
On September 28, 2026, the Beijing No. 3 Intermediate People's Court publicly sentenced Xu Heyi, former Party Secretary and Chairman of Beijing Automotive Group (BAIC), for bribery and money laundering. Xu was convicted of bribery and sentenced to death with a two-year reprieve, lifelong deprivation of political rights, and confiscation of all personal property. For money laundering, he received a two-year prison term and a fine of 200,000 yuan. The court merged the sentences into the death penalty with reprieve and full property confiscation. All bribery proceeds and their interest were ordered forfeited to the state. Xu, a prominent state-owned enterprise leader in China's auto industry, was investigated after retirement, underscoring that anti-corruption efforts in the state sector have no 'retirement shield.' The money laundering conviction signals that attempts to conceal illicit gains through asset transfers will also face criminal liability, reflecting a full-chain crackdown on corruption. The verdict aims to deter other state-owned enterprise executives and reinforce the message that power must be constrained and legal boundaries respected.
Former BAIC Chairman Xu Heyi Sentenced to Death with Reprieve for Bribery
On September 28, 2026, the Beijing No. 3 Intermediate People's Court publicly sentenced Xu Heyi, former Party Secretary and Chairman of Beijing Automotive Group Co., Ltd. (BAIC), in a bribery and money laundering case. Xu was convicted of bribery and sentenced to death with a two-year reprieve, with lifelong deprivation of political rights and confiscation of all personal property. He was also convicted of money laundering and sentenced to two years in prison with a fine of 200,000 yuan. The combined sentence is death with a two-year reprieve, lifelong deprivation of political rights, and confiscation of all personal property. All proceeds from Xu's bribery crimes and their interest will be confiscated and turned over to the state treasury. The verdict was reported by CCTV Finance and republished by Sina Finance.
Read sourceFormer BAIC Group Chairman Xu Heyi Sentenced to Death with Reprieve for Bribery
On September 28, 2026, the Beijing No. 3 Intermediate People's Court publicly sentenced Xu Heyi, former Party Secretary and Chairman of Beijing Automotive Group (BAIC Group), to death with a two-year reprieve for bribery, and to two years in prison for money laundering, with a combined sentence of death, reprieve, and full confiscation of personal assets. Xu's bribery proceeds and interest were ordered forfeited to the state. Xu Heyi, a PhD in management from Huazhong University of Science and Technology, served as BAIC Group's chairman from December 2010 to July 2020, and also held top roles at BAIC Motor, Beijing Hyundai, Beijing Benz, and BAIC BluePark New Energy. He resigned from BAIC BluePark in September 2020. BAIC Group, founded in 1958 and headquartered in Beijing, is a major Chinese automaker that has been a Fortune Global 500 company for 14 consecutive years and delivered its 40 millionth vehicle in August 2026.
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Former BAIC Group Chairman Xu Heyi Sentenced to Death with Reprieve for Bribery
On September 28, 2026, the Beijing No. 3 Intermediate People's Court publicly sentenced Xu Heyi, former Party Secretary and Chairman of Beijing Automotive Group Co., Ltd. (BAIC Group), to death with a two-year reprieve for bribery and money laundering. Xu was convicted of bribery and sentenced to death, suspended for two years, with lifelong deprivation of political rights and confiscation of all personal property. He was also sentenced to two years in prison and fined 200,000 yuan for money laundering. The combined sentence is death with a two-year reprieve, lifelong deprivation of political rights, and full confiscation of personal property. All proceeds from Xu's bribery crimes and their interest will be confiscated and turned over to the state treasury. The verdict was reported by state broadcaster CCTV News and relayed by financial news outlet Cailianshe.
Read sourceFormer BAIC Chairman Xu Heyi Sentenced to Death with Reprieve for Bribery, Money Laundering
On September 28, 2026, the Beijing No. 3 Intermediate People's Court publicly sentenced Xu Heyi, former Party Secretary and Chairman of Beijing Automotive Group Co., Ltd. (BAIC), to death with a two-year reprieve for bribery and money laundering. Xu was convicted of bribery and sentenced to death, suspended for two years, with lifelong deprivation of political rights and confiscation of all personal property. He also received a two-year prison term and a 200,000 yuan fine for money laundering. The court ordered the confiscation of all bribery proceeds and their interest. The verdict was reported by state broadcaster CCTV and aggregated by Cailianshe.
Former BAIC Chairman Xu Heyi Sentenced to Death with Reprieve for Bribery and Money Laundering
On September 28, 2026, the Beijing No. 3 Intermediate People's Court publicly sentenced Xu Heyi, former Party Secretary and Chairman of Beijing Automotive Group Co., Ltd., in his bribery and money laundering trial. Xu was convicted of bribery and sentenced to death with a two-year reprieve, deprived of political rights for life, and had all personal property confiscated. He was also convicted of money laundering and sentenced to two years in prison with a fine of 200,000 yuan. The court ordered the execution of the death sentence with a two-year reprieve, lifelong deprivation of political rights, and confiscation of all personal property. All proceeds from Xu's bribery crimes and their interest were ordered to be confiscated and turned over to the state treasury. The report originates from Interface News.
Read sourceFormer BAIC Chairman Xu Heyi Sentenced to Death with Reprieve for Bribery
On September 28, 2026, the Beijing No. 3 Intermediate People's Court publicly sentenced Xu Heyi, former Party Secretary and Chairman of Beijing Automotive Group (BAIC), for bribery and money laundering. Xu was convicted of bribery and sentenced to death with a two-year reprieve, lifelong deprivation of political rights, and confiscation of all personal property. He was also convicted of money laundering and sentenced to two years in prison with a fine of 200,000 yuan. The combined sentence is death with a two-year reprieve, lifelong deprivation of political rights, and confiscation of all personal property. All proceeds from Xu's bribery crimes and their interest will be confiscated and turned over to the state treasury. The verdict was reported by Beijing No. 3 Intermediate People's Court and sourced from China News Service.