Xiao Jianhua (Chinese: 肖建华, born 13 January 1972) is a Chinese-Canadian businessman and billionaire known for managing assets for descendants of prominent Chinese leaders. He was taken from Hong Kong to the mainland in 2017.^[1] His reported trial was denied to Canadian diplomats by China.^[1][2]

Xiao was born in 1972 to a schoolteacher from Feicheng, Shandong, China.^[3][4]

Xiao attended Peking University at age 14 on a scholarship,^[5] and he was a member of the Communist Party of China on campus.^[3] He was opposed to the Tiananmen Square protests of 1989.^[3][4] He received a law degree from Peking University.^[3]

Xiao began his career in business by selling IBM and Dell computers near the Peking University campus in the 1990s.^[3][4] He also worked with Microsoft.^[4] Within a few years, he was worth an estimated $150 million.^[4]

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.^[4][6][7] 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,^[4] in addition to being the major shareholder in Baotou Tomorrow Technology.^[4]

Xiao reportedly, "worked on behalf of a number of powerful families," in China over the course of his career,^[3] and he has been described by The New York Times as "a banker for the ruling class."^[4] By 2016, he was worth an estimated $6 billion.^[3] 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.^[8] According to news reports, Xiao was also involved with the business Pacific Securities,^[4] a company later accused of facilitating money laundering.

According to a report published in 2017, orders for Xiao's detention had been given in 2013, but contacts within the Chinese government had informed him first and he had fled to Hong Kong. He resided at the Four Seasons Hotel there.^[3][6]

On January 28, 2017, Xiao was taken from his apartment at the hotel reportedly by Chinese public security officers.^[5][6] Five or six plain-clothed agents accosted Xiao and, after a meeting inside his room, led him and his two bodyguards away and through one of Hong Kong's border crossings. There were no signs of scuffles and he appeared to have gone with them willingly. The Hong Kong police declined to comment except to say that it had asked for mainland police's help in the case.^[5][6] Although no official announcement of Xiao's detention has been made by the Chinese government, it was reported that Xiao had close connections with many relatives of party leaders and officials, whose assets he had managed. In particular, Xiao was associated with the so-called Jiang Zemin faction, including the children of Zeng Qinghong and Zhou Yongkang.^{[citation needed]}

In September 2018, a report from the South China Morning Post citing unnamed sources stated that Xiao would soon be brought to trial over the crimes of "manipulating stock and futures markets" and "offering bribes on behalf of institutions".^[17]

On August 19, 2022, Xiao was sentenced in China to 13 years in prison for fraud and corruption.^[18]

Xiao donated $50 million to his alma mater, Peking University, and Tsinghua University.^[4] He also pledged a $10 million donation to Harvard University.^[4]

Xiao is married to Zhou Hongwen (Chinese: 周虹文), who is from Baotou, Inner Mongolia.^[4] He purchased a property in Canada and acquired Canadian citizenship.^[4] He also has a diplomatic passport from Antigua and Barbuda, which he acquired several days before his abduction.^[5][7] He also owns properties in the United States, and a private jet.^[4]

• List of kidnappings
• Extraordinary rendition