Liu Liange, who previously served as the chairman of the Bank of China, was sentenced by a court in Jinan, Shandong province, to death with a two-year reprieve due to his involvement in corruption. His case involved accepting bribes totaling over 121 million yuan, equivalent to approximately $16.7 million, along with illegally authorizing loans amounting to 3.32 billion yuan. The Jinan Intermediate People's Court stated that the sentences would run concurrently, allowing for the possibility of his death sentence being commuted to life in prison if he demonstrates good behavior during the two-year period.

In addition to the death sentence, Liu received a ten-year prison term and a fine of 150,000 yuan for his actions. Alongside these penalties, the court mandated the confiscation of all of Liu's personal assets and deprived him of political rights permanently. His illicit profits will be transferred to the national treasury as part of the ruling. The court highlighted the severe impact of Liu's actions on society and the significant financial losses incurred by the state and its people, given the large sums involved in both bribery and the illegal loans.

Liu's corruption spanned from 2010 to 2023, as he exploited his positions within China's banking system to benefit specific individuals and organizations through improper financing and project collaborations. His unlawful loan issuance, which took place from 2017 to 2020, involved companies that did not qualify for such financial support, leading to significant state losses exceeding 190 million yuan. The court acknowledged Liu's guilty plea and cooperation with investigators, which contributed to a somewhat lenient sentence, reflecting on the fact that some of the bribes he accepted were never fulfilled.

At 63 years old and coming from Jilin province, Liu has had a long career in the banking sector, but he resigned from the Bank of China in March of last year amid investigations into his conduct. Following his resignation, he was subjected to an internal investigation by the Communist Party of China, resulting in his expulsion about six months later. His indictment on charges linked to bribery and illegal loan practices occurred in February of this year, with the trial being conducted publicly in April.