Tan Ruisong, former chairman of the Aviation Industry Corporation of China, was given a suspended death sentence on Wednesday for embezzlement, bribery, insider trading and leaking inside information involving more than 700 million yuan ($101.6 million), the Dalian Intermediate People's Court in Liaoning province announced.

The court sentenced Tan to 15 years in prison and a 5 million yuan fine for embezzlement; death with a two-year reprieve, lifelong deprivation of political rights and confiscation of all personal property for bribery; and six years in prison and a fine for insider trading and leaking inside information.

It imposed a combined sentence of death with a two-year reprieve, lifelong deprivation of political rights and confiscation of all personal property.

The court also ordered that assets and gains obtained through Tan's embezzlement be returned to the victim unit, while proceeds and interest derived from his bribery be recovered and turned over to the state treasury. Illegal gains from insider trading will continue to be recovered, it said.

The court found that Tan embezzled public assets worth 89.93 million yuan between July 2003 and 2010 by exploiting his positions as deputy general manager of China Aviation Industry Corporation II and later deputy general manager of AVIC.

AVIC, a large state-owned enterprise directly administered by the central government, was established in November 2008 through the restructuring and consolidation of the former China Aviation Industry Corporation I and China Aviation Industry Corporation II.

From 1998 to 2024, Tan used his positions — including deputy general manager and general manager of Harbin Dongan Engine, chairman of Harbin Aviation Industry Corporation, deputy general manager of China Aviation Industry Corporation II, and deputy general manager, general manager and chairman of AVIC — to seek benefits for others in matters such as corporate acquisitions and project contracting, and illegally accepted money and valuables worth more than 613 million yuan, the court said.

The court also found that from March 2012 to March 2023, Tan, as a person with access to inside information, repeatedly engaged in securities trading related to such information during sensitive periods and leaked inside information, explicitly or implicitly suggesting that others engage in related trading. The circumstances were especially serious, according to the court.

The court said Tan's embezzlement and bribery involved especially large sums, and the circumstances of his insider trading and leaking inside information were especially serious, warranting combined punishment for multiple crimes.

It said Tan was spared immediate execution because he admitted guilt, confessed previously undisclosed offenses and voluntarily revealed additional facts related to embezzlement and some of the bribery, insider trading and leaking of inside information. The court also cited his major meritorious service, active return of illicit gains, and the full recovery of assets and interest derived from the embezzlement and bribery offenses as grounds for leniency.

Tan, 64, worked in China's aviation industry for decades. He became chairman and Party chief of AVIC in 2018. He retired in 2023, came under investigation in August 2024, and was expelled from the Party in February 2025. He was formally arrested in March and prosecuted in August 2025.

The court heard the case publicly in October 2025. During the trial, prosecutors presented evidence, while Tan and his lawyers examined the evidence and stated their opinions. Tan made a final statement and expressed guilt and remorse.