Core Viewpoint - The case against Tan Ruishong, former chairman of China Aviation Industry Corporation, involves serious allegations of embezzlement, bribery, insider trading, and leaking insider information, leading to a public prosecution by the Dalian People's Procuratorate [1][2]. Group 1: Allegations and Legal Proceedings - Tan Ruishong is accused of illegally occupying public property while holding various high-ranking positions within the China Aviation Industry Corporation, with the amount involved being particularly large [2]. - He allegedly used his positions to benefit others and accepted substantial bribes, also involving insider trading activities during sensitive periods [2]. - The Dalian People's Procuratorate has formally initiated prosecution against Tan Ruishong, following investigations by the National Supervisory Commission and local police [1][2]. Group 2: Background Information - Tan Ruishong was born in February 1962 in Jilin City, Jilin Province, and has a long history of working within the aviation sector, having held multiple senior roles in the China Aviation Industry Corporation [3]. - He served as the chairman and party secretary of China Aviation Industry Corporation from May 2018 until his resignation in March 2023 [4].

Core Viewpoint - The former Party Secretary and Chairman of Aviation Industry Corporation of China, Tan Ruishong, is under investigation for corruption, bribery, insider trading, and leaking insider information, with the case now being prosecuted by the Dalian Intermediate People's Court [1] Group 1 - The investigation was conducted by the National Supervisory Commission and the Public Security Bureau of Chaoyang City, Liaoning Province, which concluded their inquiries [1] - The case has been designated for prosecution by the Supreme People's Procuratorate, indicating a high level of scrutiny and seriousness [1] - The Dalian People's Procuratorate has formally filed charges against Tan Ruishong, moving the case to the court system [1]

Core Viewpoint - The Hong Kong Securities and Futures Commission (SFC) and the Independent Commission Against Corruption (ICAC) have launched a joint operation named "Leverage" to combat market manipulation and corruption involving a listed company and its former executives [1] Group 1: Joint Operation Details - The operation was initiated on July 23, 2025, targeting a sophisticated criminal group suspected of manipulating the shares of a listed company through corrupt practices [1] - Arrested individuals are accused of conspiring to use documents containing false information, including internal documents and announcements from the listed company [1] Group 2: Financial Implications - The suspects allegedly claimed that the listed company had reached a share subscription agreement with a mainland enterprise and was developing a joint project, involving funds exceeding 20 million Hong Kong dollars [1] - The involved listed company has had its trading suspended since March 2025 and has been ordered to be liquidated by the court [1]

Core Viewpoint - The court sentenced Zhao Weiguo, former chairman of Unisplendour Group, to death with a two-year reprieve for embezzlement, illegal profit-making for relatives, and breaching the interests of the listed company, highlighting severe financial misconduct and significant losses to state and corporate interests [1]. Summary by Sections - **Criminal Charges and Sentencing**: Zhao Weiguo was convicted of embezzlement, illegal profit-making for relatives, and breaching the interests of the listed company, receiving a death sentence with a two-year reprieve, lifelong political rights deprivation, and confiscation of all personal property [1]. - **Financial Misconduct Details**: - From 2018 to 2021, Zhao Weiguo conspired with a specific associate to purchase properties at low prices that should have been acquired by Unisplendour Group, resulting in illegal appropriation of state assets valued at over 470 million RMB [4]. - Between 2014 and 2021, he misallocated profitable business operations to associates, causing direct economic losses to the state of over 890 million RMB [4]. - In 2019, he directed the leasing of company projects at significantly below-market prices to companies controlled by his associates, leading to economic losses for the listed company of over 46 million RMB [4].