Xiao Jianhua

Analysts say the sale of 25 per cent of Huaxia Life could be a sign that the authorities are acting on their pledges to safeguard financial stability

Stake sold in unit of missing tycoon Xiao Jianhua’s empire

A 25 per cent stake in Huaxia Life Insurance, a company indirectly controlled by missing Chinese financier Xiao Jianhua, has been sold, the first such sale in the tycoon’s sprawling financial empire since he disappeared 10 months ago.

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