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Jul 21, 2024 · Mr. Huang with his wife, the movie star Zhao Wei. The couple invested in Mr. Ma’s film business with money from one of Mr. Xiao’s companies. Credit...
Jul 21, 2024 · Xiao Jianhua was languishing in detention on bribery and corruption charges — a larger-than-life target of a government crackdown on graft. Mr. Xiao had amassed a fortune manipulating markets and cultivating close ties to relatives of top Chinese officials, and he was about to be made an example.
Jul 21, 2024 · One investment was in Alibaba Pictures, a film and television company. Mr. Huang and his wife, Zhao Wei, paid about $400 million to acquire a 9 percent stake. But the couple paid for it with...
- Where Did Xiao’s Money Go?
- ‘National Significance’
- The Chateau
- Calls For A Beneficial Ownership Registry
As early as 2008, Xiao’s family was setting up a financial foothold in Canada. Xiao’s brother-in-law, Fan Yanfeng, established the China Resource Allocation Corp., which listed his director’s address at a condo in southern Ontario’s winery region, Niagara-on-the-Lake. But it wasn’t until 2015 that Xiao’s family began snapping up development sites a...
Financial crime experts and political observers say the case raises questions about how Winnermax was able to secure its funding in Canada as China imposes a capital export limit of US$50,000 per year on every citizen. If the transfers don’t follow legal and transparent methods, it raises questions about money laundering. Matt McGuire, a Toronto-ba...
The investments didn’t only go into commercial real estate. The key directors of these companies also bought properties in the GTA’s most exclusive postal codes. The group even has real estate in British Columbia, with one HZC Capital director listing his address at a $1.6-million home in Coquitlam, a suburb of Vancouver. Unexus director Fan and hi...
With many of the properties tied to Xiao’s family members purchased using numbered or holding companies, financial crime experts say this case highlights the urgent need for a national beneficial ownership registry, a publicly searchable database that would store details about who actually owns and controls private companies. McGuire said Canada’s ...
Jul 21, 2024 · In the new investigation, reporters uncovered what they called a “Rosetta Stone” for Xiao’s empire: a detailed list of Xiao’s shell companies in the British Virgin Islands, and the “white gloves” who owned them on paper.
Xiao Jianhua (Chinese: 肖建华, born 13 January 1972) is a Chinese-Canadian businessman and billionaire known for managing assets for the descendants of prominent Chinese leaders. He was taken from Hong Kong to mainland China in 2017. [1]
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Aug 24, 2022 · The story so far: Xiao Jianhua, the Chinese-born Canadian tycoon who was last seen in public in 2017 before being whisked away from his Hong Kong apartment, was sentenced by a Shanghai court to...
