The China Securities Regulatory Commission’s office in Beijing. The regulator continues to dismantle assets belonging to the Tomorrow Group. Photo: Simon Song
The China Securities Regulatory Commission’s office in Beijing. The regulator continues to dismantle assets belonging to the Tomorrow Group. Photo: Simon Song

China continues to dismantle missing tycoon Xiao Jianhua’s financial empire

  • Shenzhen-based Rongtong Fund Management, which manages US$36 billion, has named Zhang Wei as the new chairman
  • China’s regulator has officially ended its control over New Times Securities, which owns Rongtung, after it took over the Beijing-based brokerage in July 2020

The China Securities Regulatory Commission’s office in Beijing. The regulator continues to dismantle assets belonging to the Tomorrow Group. Photo: Simon Song
The China Securities Regulatory Commission’s office in Beijing. The regulator continues to dismantle assets belonging to the Tomorrow Group. Photo: Simon Song
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