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

exclusive | 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

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