A friend in internal audit privately said: During the most chaotic times at Huarong, approval rights were sold by the 'centimeter'.

When he said this, he took a sip of wine, and his eyes reflected a sense of lingering fear after a disaster. He mentioned that during those four years, Bai Tianhui made over 1.1 billion, which sounds like an astronomical figure, but in reality, the release of a large amount of bad assets allowed intermediaries to take a cut by the 'point', creating a silent assembly line from top to bottom. When the lid was lifted in 2019, many believed he had great power and might achieve a 'soft landing'. What followed was a death sentence in the first trial, and then the sound of a gunshot at the end of 2025.

The friend revealed a detail: when it came down to it, the focus of communication between Bai Tianhui and his family was surprisingly on the handling of ashes and the already established family trust. This indicates he knew the outcome long ago and had completely given up. The law has clear provisions regarding trusts established with illegal gains—invalid and subject to full recovery. When a person is gone, the debts must also be recovered; this is the most thorough deterrent.

Now, just thinking about almost being transferred to such a project back then sends chills down my spine. Are there any stories around you of this kind of 'monetizing power' to the point of madness?