A Shanghai court on Aug. 19 sentenced Chinese Canadian billionaire Xiao Jianhua, who hasn’t been seen in public since 2017 and is known to have financial ties with some Chinese Communist Party (CCP) elites, to 13 years in jail and a fine of 55.03 billion yuan ($8.1 billion). Xiao and his Tomorrow Holdings conglomerate were convicted of…
Chinese Canadian Tycoon Xiao Jianhua Sentenced to 13 Years in Prison
China’s ‘Secret Financial Empire’ Collapses in Leadup to the Vote for Next Communist Party Leader
Tomorrow Holdings, the most secretive conglomerate in China’s capital markets, is facing dismantlement by the country’s top financial regulator. On Aug. 3, the Inner Mongolia Supervisory Bureau, under China Banking and Insurance Regulatory Commission (CBIRC), announced a raft of penalties against the conglomerate. New Times Trust, one of the financial institutions of Tomorrow Holdings, was…
Canada Says China Bars Diplomats From Canadian Tycoon Trial
July 5, 2022
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CanadaCanadian diplomatChinaChinese RegimeHK Current AffairsHong KongInternational RelationsTycoon TrialWorldXiao Jianhua
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BEIJING—Chinese authorities refused to let Canadian diplomats attend the trial of a Chinese-born Canadian tycoon who disappeared from Hong Kong five years ago, Canada’s government said Tuesday. Xiao Jianhua was last seen at a Hong Kong hotel in January 2017 and was believed to have been taken to the mainland by Chinese authorities. He was…
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