Xiao Xing, the former deputy general manager of China Taiping Insurance Holdings Company Limited, has been sentenced to life in prison for taking bribes amounting to 81.48 million yuan (approximately $11.33 million). In related news, Zhou Zheng, former deputy general manager of COFCO Corporation, was sentenced to 12 years in prison for bribery, embezzlement, and abuse of power. The verdict was issued by a court in Shanxi province. Additionally, in Tokyo, former investment company representative Miura Kiyoshi received a six-year prison sentence for embezzling 400 million yen (around $2.7 million) related to a solar power project. The Tokyo District Court found him guilty of transferring funds from a different company to his own unlawfully. In another case, Bill Hwang, founder of Archegos Capital Management, was sentenced to 18 years in prison for orchestrating a large-scale market manipulation and fraud scheme. The court's decisions reflect ongoing efforts to combat corruption and fraud across various sectors.