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.
Tag: Tomorrow Group
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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.