Chinese billionaire Xiao Jianhua, missing since January, is shown here alongside a newspaper statement in February claiming he was receiving treatment overseas. A stake in one of his business units was sold this week. Photo: SCMP Handout

Sale of stake in insurer is first disposal in empire of missing Chinese tycoon 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

Topic |   Xiao Jianhua

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Chinese billionaire Xiao Jianhua, missing since January, is shown here alongside a newspaper statement in February claiming he was receiving treatment overseas. A stake in one of his business units was sold this week. Photo: SCMP Handout
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