Chinese Canadian Billionaire Sentenced to 13 Years for Financial Crimes Five years after being grabbed from a Hong Kong hotel, Xiao Jianhua, who came to symbolize China’s corporate excess, also faces a hefty fine, as does his company.
Xiao Jianhua, Chinese Canadian Billionaire, on Trial in China The case against the financier Xiao Jianhua is widely seen as part of a crackdown on the debt-fueled excess that drove China’s economic growth.