A look at Xiao Jianhua’s financial empire: the companies involved, what’s happened to them, and what, if anything, remains.
Illustration by Luis Grañena
Five years after he was abducted from his service apartment at the Four Seasons Hotel in Hong Kong, Xiao Jianhua — once one of China’s wealthiest businessmen — has been sentenced to 13 years in prison for financial crimes. But what has happened to his fortune, once estimated at more than $100 billion?
The Chinese financier, who was connected with the highest echelons of the Communist Party, amassed his wealth through the Tomorrow Group, a financial services conglomerate that he helped f
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
From Mike Mansfield to Max Baucus and Steve Daines, Montana has been the unlikely source of America’s most influential China-hand senators over the past half-century. But amidst spy balloons, trade wars and mutual paranoia, being a proponent for rational and beneficial relations between the two countries has never been harder.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
