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

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

Zhou Xin

Zhou Xin co-leads the political economy team at the Post. He mainly covers economic stories but also writes about Chinese politics and diplomacy. He has previously worked for Reuters and Bloomberg in Beijing.