Tomorrow Holding
| Xiao Jianhua | |
|---|---|
| Born | c. 1972 Feicheng, Shandong, China |
| Residence | Four Seasons Hotel Hong Kong, Hong Kong |
| Nationality | Chinese, Canadian, Antiguan and Barbudan |
| Alma mater | Peking University |
| Occupation | Businessman |
| Net worth | $6 billion (2016) |
| Political party | Communist Party of China |
Xiao Jianhua (Chinese: 肖建华, born c. 1972) is a Chinese-Canadian businessman and billionaire known for managing assets for members of China's Crown Prince Party. He was abducted to Mainland China in 2017.
Xiao was born in 1972 to a schoolteacher from Feicheng, Shandong, China.
Xiao attended Peking University at age 14 on a scholarship, and he was a member of the Communist Party of China on campus. He was opposed to the Tiananmen Square protests of 1989. He received a law degree from Peking University.
Xiao began his career in business by selling IBM and Dell computers near the Peking University campus in the 1990s. He also worked with Microsoft. Within a few years, he was worth an estimated $150 million.
Xiao is the owner of Tomorrow Holding (trading as Tomorrow Group), a diversified investment company involved with banking, insurance, real estate development, coal, cement and rare earth minerals. According to the New York Times, he owns non-controlling stakes in Ping An Insurance, Harbin Bank, Huaxia Bank and the Industrial Bank through a series of other investment vehicles, in addition to being the major shareholder in Baotou Tomorrow Technology.
Xiao reportedly, "worked on behalf of a number of powerful families," in China over the course of his career, and he has been described by The New York Times as, "a banker for the ruling class." By 2016, he was worth an estimated $6 billion. Xiao's connections with relatives of China's government leaders were demonstrated by his purchase of a 50% stake in CCB International Yuanwei Fund Management, an investment management company owned by Qi Qiaoqiao, Xi Jinping's sister. According to news reports, Xiao was also involved with the business Pacific Securities, a company later accused of facilitating money laundering.
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