The Tomorrow Group business empire controlled by mysterious billionaire Xiao Jianhua was worth trillions of yuan. Photo: AFP

Ex-Tomorrow Group aide released as China speeds up downsizing of Xiao Jianhua’s empire, sources say

  • Wen Yingjie, a top aide to the Chinese tycoon, was set free without trial in June after three years under investigation, three independent sources said
  • China’s banking regulator said risks had been brought under control after it sold stakes in more than 10 institutions and took control of Baoshang Bank
Topic |   China economy

TOP PICKS

The Tomorrow Group business empire controlled by mysterious billionaire Xiao Jianhua was worth trillions of yuan. Photo: AFP
READ FULL ARTICLE