The government has never confirmed whether Xiao was detained or suspected that Xiao might face.
Article author:
AP communication
Joe Macdonald
Beijing — Chinese officials say Canadian diplomats are Chinese The Canadian government refused to attend the trial on Tuesday, a Canadian-born tycoon who disappeared from Hong Kong five years ago.
Xiao Jianhua was last seen at a hotel in Hong Kong in January 2017 and was believed to have been taken to the mainland by Chinese authorities. According to news reports, the government did not provide details, but he was the subject of an investigation by anti-transplant authorities that year.
The government has detained or may face Xiao, the founder of the Tomorrow Group, which is involved in a series of anti-corruption charges by regulators and seizures of financial companies. I have not confirmed any charges.
The Canadian government said earlier Xiao would be tried on Monday, but did not say anything about whether or where the trial took place. Details of possible rates are not given.
"Canada has made several requests to attend the hearing process. Our attendance has been denied by the Chinese authorities," a statement from the Government of Canada said.
Foreign Ministry spokesman Zhao Lijian said there was no information about Xiao.
Xiao disappeared amid a flood of charges of Chinese businessmen accused of illegal activity.
It fueled fears that the ruling Communist Party might have kidnapped people outside the mainland. Hong Kong at the time prohibited Chinese police from operating in the former British colonies, which had different legal systems.
Since then, Beijing has tightened control over Hong Kong, prompting complaints of violating the autonomy promised when the territory returned to China in 1997. The ruling party imprisoned the promotion of democratization by imposing the National Security Law in 2020.
Hong Kong police investigated Xiao's disappearance and said the subject had crossed the border to the mainland. However, an ad in the Ming Pao newspaper in the name of Xiao of the same week denied that he was taken against his will.
When he disappeared, Xiao was worth nearly $ 6 billion, and according to Frun's report following the wealthy in China, he is the 32nd wealthiest in China. I became a nice person.
Founded in 1999, Tomorrow has expanded into banks, securities, insurance, coal and real estate.
The company has become one of the hottest targets in the ruling party's campaign to mitigate risk in China's financial industry. According to news reports, Xiao is suspected of improperly using funds from banks and other companies to pay for the acquisition, but no charges have been announced against Xiao.
In 2020, regulatory agencies seized nine Xiao-controlled companies. This includes four insurance companies, two brokerage firms, two trust firms, and companies involved in financial futures. At that time, Caixin, a business magazine, reported that the total amount of assets seized was about 1 billion yuan ($ 150 million).
Retired bank regulator Xue Jining has admitted that he has received a bribe of 400 million yuan ($ 62 million) in a corruption case involving Baoshang Bank Ltd. in northern Inner Mongolia. According to news reports, the
auditor discovered tomorrow that he had abused funds from the Baoshan Bank.
One of tomorrow's companies seized in 2020, Tianan Property Insurance Co., put up its assets for sale last month, demanding 2.1 billion yuan ($ 315 million).
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