387:). However, Xiao Jianhua and his wife, Zhou Hongwen, as well as four other people associated with Tomorrow Holding, were elected as Shanghai Ace's new directors, though only seven new directors were elected that year, and the board consisted of only 13 directors total. The only new director with no apparent connection to Tomorrow Holding was the new chairman of Shanghai Ace, Deng Jingshun, who later became vice-president of Tomorrow Holding. The move made Tomorrow Holding having an absolute majority in the board of the listed company.
376:, Tomorrow Holding is currently owned by Xiao's cousin, Xiao Weihua, who has a 29% stake in the company. It has been reported that Xiao Jianhua owns his assets through relatives or his wife, but not directly himself. According to one publication, Tomorrow Holding was originally owned by Xiao and his wife, who together had a 50% stake.
448:. According to sources, Xiao was whisked away in a wheelchair with his head covered, there were no signs of scuffles outside his room and he appeared to have gone willingly after the meeting. The Hong Kong police declined to comment except to say that it had asked for mainland police's help in the case.
359:
Municipal
Government. Beijing Beida Tomorrow Resources Technology also held the right to nominate three out of the company's five directors, as well as the chairman of the board and general manager of the intermediate parent company. The intermediate parent company was renamed Baotou Beida Tomorrow
423:
Chinese regulators have since taken control of many
Tomorrow Holding companies including Huaxia Life, Tianan Life Insurance, Tianan Property Insurance, New Times Trust, Yi'An Property Insurance, and New China Trust, the China Banking and Insurance Regulatory Commission.
443:
On
January 28, 2017, Xiao was taken from his apartment at the hotel reportedly by Chinese public security officers. Five or six plain-clothed agents accosted Xiao and, after a meeting inside his room, led him and his two bodyguards away through one of Hong Kong's
411:
However, In 2012, Tomorrow
Holding bought back a 36% stake in Zhengyuan Investment from shareholders other than Beijing Beida Jade Bird. In turn, Zhengyuan Investment owned a 34.60% stake in Baotou Tomorrow Technology and a 95% stake in Baotou Beipu Industry
457:
citing unnamed sources stated that Xiao would soon be brought to trial over the crimes of "manipulating stock and futures markets" and "offering bribes on behalf of institutions".
432:
According to a report published in 2017, orders for Xiao's detention had been given in 2013, but contacts within the
Chinese government had informed him first and he had fled to
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1028:
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Resources
Technology. In 1999, Xiao Jianhua was nominated as the chairman of Baotou Tomorrow Technology, while Zhou Hongwen, his wife, was the
1159:
697:
573:
549:
420:), of which 5% Beipu Industry is owned by Xiao Weihua. Baotou Beipu Industry owns an additional 0.25% stake in Baotou Tomorrow Technology.
307:
Xiao reportedly, "worked on behalf of a number of powerful families," in China over the course of his career, and he has been described by
315:
were demonstrated by his purchase of a 50% stake in CCB International
Yuanwei Fund Management, an investment management company owned by
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businessman and billionaire known for managing assets for the descendants of prominent
Chinese leaders. He was taken from
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122:
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court, which sentenced him to 13 years in jail and fined his company more than $ 8 billion for embezzlement and bribery.
512:, which he acquired several days before his abduction. He also owns properties in the United States, and a private jet.
505:
437:
361:
278:
company involved with banking, insurance, real estate development, coal, cement and rare earth minerals. According to
404:'Zhèngyuán tóuzī'), at that time majority owned by Beijing Beida Jade Bird for 30% (an associate company of
373:
352:
301:
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275:
271:
campus in the 1990s. He also worked with
Microsoft. Within a few years, he was worth an estimated $ 150 million.
453:
526:
380:
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as "a banker for the ruling class." By 2016, he was worth an estimated $ 6 billion. Xiao's connections with
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102:
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In 2008, Tomorrow
Holding sold their stake in Baotou Tomorrow Technology to Zhengyuan Investment (
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On August 19, 2022, Xiao was sentenced in China to 13 years in prison for fraud and corruption.
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In 2000, Tomorrow Holding and its associate companies owned shares of 5.75% in Shanghai Ace (
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through a series of other investment vehicles, in addition to being the major shareholder in
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504:. He purchased a property in Canada and acquired Canadian citizenship. He also has a
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351:. In 1999, the company acquired a 47% stake in an intermediate parent company of
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Anderlini, Jamil; Bland, Ben; Cheung, Gloria; Hornby, Lucy (January 31, 2017).
323:'s sister. According to news reports, Xiao was also involved with the business
320:
433:
209:
797:"Chinese billionaire Xiao Jianhua abducted from Hong Kong hotel – reports"
733:"Billionaire Is Reported Seized From Hong Kong Hotel and Taken Into China"
1082:"Billionaire who vanished from Hong Kong about to face trial in Shanghai"
1048:"Evergrande founder joins list of Chinese tycoons investigated, arrested"
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1110:"Volatilisé, un magnat canadien condamné en Chine à 13 ans de prison"
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Xiao is the owner of Tomorrow Holding (trading as Tomorrow Group), a
823:"The Billionaire Criminal Who Secretly Profited Off Jack Ma's Deals"
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574:"Chinese-Canadian tycoon who vanished set for trial, embassy says"
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in 2017. Canadian diplomats were denied access to his trial by a
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Forsythe, Michael; Northrop, Katrina; Chen, Eliot (2024-07-21).
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264:
688:
686:
684:
682:
680:
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Anderlini, Jamil; Bland, Ben; Hornby, Lucy (January 31, 2017).
550:"Canada says denied access to trial of Chinese-Canadian tycoon"
355:(formerly known as Baotou Yellow River Chemical Industry) from
1029:"China takes over companies linked to disappeared billionaire"
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666:
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327:, a company later accused of facilitating money laundering.
1008:(in Chinese). Shanghai Stock Exchange. 29 December 2015
984:(in Chinese). Shanghai Stock Exchange. 5 February 2017.
698:"With Choice at Tiananmen, Student Took Road to Riches"
598:"Billionaire Xiao Jianhua jailed for 13 years in China"
243:
at age 14 on a scholarship, and he was a member of the
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921:[Resolution in 16th Shareholders' meeting].
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251:. He received a law degree from Peking University.
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636:"Xiao Jianhua, student leader who became a tycoon"
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364:of Beijing Beida Tomorrow Resources Technology.
999:"关于正元投资有限公司认购包头明天科技股份有限公司非公开发行股份暨豁免要约收购之财务顾问报告"
880:(in Chinese). Tsinghua University Press. 2005.
372:According to a 2015 annual report published by
228:Xiao was born in 1972 to a schoolteacher from
476:. He also pledged a $ 10 million donation to
468:Xiao donated $ 50 million to his alma mater,
335:Xiao's business empire started with "Beijing
259:Xiao began his career in business by selling
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8:
993:
991:
768:"Chinese billionaire seized from Hong Kong"
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331:Beijing Beida Tomorrow Resources Technology
1027:Luo, Sharon Chen and Jun (July 18, 2020).
849:"China Financier Defends Companies' Deals"
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925:(in Chinese). 163.com. 20 September 2000
76:Chinese, Canadian, Antiguan and Barbudan
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313:relatives of China's government leaders
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731:Forsythe, Michael (January 31, 2017).
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451:In September 2018, a report from the
7:
696:; Forsythe, Michael (June 3, 2014).
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542:
284:, he owns non-controlling stakes in
795:Haas, Benjamin (February 1, 2017).
347:), a company that was 20% owned by
1150:Canadian people of Chinese descent
14:
488:Xiao is married to Zhou Hongwen (
349:Peking University Resources Group
249:Tiananmen Square protests of 1989
247:on campus. He was opposed to the
1205:Enforced disappearances in China
1145:Chinese expatriates in Hong Kong
946:Tomorrow Technology (in Chinese)
339:Tomorrow Resources Technology" (
1046:Reuters (September 29, 2023).
919:"第十六次股东大会（2000年第一次临时股东大会）决议公告"
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200:, born 13 January 1972) is a
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16:Chinese-Canadian businessman
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374:Baotou Tomorrow Technology
353:Baotou Tomorrow Technology
302:Baotou Tomorrow Technology
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1033:The Sydney Morning Herald
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1190:Chinese company founders
1185:Canadian philanthropists
1155:Peking University alumni
1086:South China Morning Post
454:South China Morning Post
137:Traditional Chinese
1180:Chinese philanthropists
1170:Canadian businesspeople
527:Extraordinary rendition
408:) and other companies.
245:Chinese Communist Party
123:Simplified Chinese
103:Chinese Communist Party
1114:Le Journal de Montréal
1108:AFP (19 August 2022).
276:diversified investment
1175:Canadian billionaires
1195:People from Feicheng
1165:Chinese billionaires
1006:Zhongshan Securities
975:"2000 Annual Report"
436:. He resided at the
1088:. 24 September 2018
961:www.time-weekly.com
878:中国资本运营经典案例: 问题篇. 下册
522:List of kidnappings
510:Antigua and Barbuda
506:diplomatic passport
474:Tsinghua University
267:computers near the
1066:has generic name (
944:2015 Annual Report
902:"北京北大明天资源科技有限公司公告"
738:The New York Times
703:The New York Times
478:Harvard University
438:Four Seasons Hotel
325:Pacific Securities
309:The New York Times
281:The New York Times
578:www.aljazeera.com
554:www.aljazeera.com
470:Peking University
406:Peking University
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167:Hanyu Pinyin
113:Xiao Jianhua
38:Xiao Jianhua
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21:Chinese name
1200:1972 births
1064:|last=
806:February 1,
777:February 1,
744:February 2,
709:February 1,
648:February 1,
317:Qi Qiaoqiao
294:Huaxia Bank
290:Harbin Bank
94:Businessman
73:Nationality
25:family name
1134:Categories
1119:2022-08-19
1012:5 February
929:5 February
887:7302105308
859:3 February
834:2024-07-30
604:2024-07-01
583:2022-07-05
559:2022-07-05
533:References
345:北京北大明天资源科技
321:Xi Jinping
224:Early life
91:Occupation
50:1972-01-13
1056:cite news
434:Hong Kong
362:president
236:, China.
210:Hong Kong
81:Education
1092:30 March
516:See also
296:and the
234:Shandong
230:Feicheng
218:Shanghai
206:Canadian
65:Shandong
61:Feicheng
19:In this
490:Chinese
440:there.
418:包头市北普实业
414:Chinese
392:Chinese
341:Chinese
202:Chinese
194:Chinese
67:, China
884:
498:Baotou
492::
472:, and
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385:600652
357:Baotou
343::
255:Career
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1098:China
1002:(PDF)
978:(PDF)
508:from
337:Beida
1094:2019
1068:help
1014:2017
931:2017
882:ISBN
861:2017
808:2017
779:2017
746:2017
711:2017
650:2017
401:lit.
396:正元投资
265:Dell
263:and
44:Born
29:Xiao
494:周虹文
381:SSE
261:IBM
212:to
198:肖建华
143:肖建華
129:肖建华
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