This Asia Informer episode unravels the chilling and mysterious disappearance of Xiao Jianhua, a Chinese-Canadian billionaire who vanished from the Four Seasons Hotel in Hong Kong on January 27, 2017.

The Rise of a Financial Ghost

Xiao was a financial prodigy who became one of China’s most powerful businessmen. His Tomorrow Group controlled assets worth $100 billion, and he was deeply intertwined with China’s political elite, managing secret offshore accounts for top Communist Party families. But as Xi Jinping’s anti-corruption campaign intensified, Xiao’s knowledge became a liability.

The Disappearance

Despite Hong Kong’s legal autonomy, Xiao was abducted by unidentified operatives and taken to mainland China. No security footage, no official acknowledgment—just a cryptic message on his company’s WeChat account claiming he was “recuperating.” For five years, he vanished without a trace.

The Crackdown & Cover-Up

In 2022, a Beijing court sentenced Xiao to 13 years in prison, with his company fined $8.1 billion—but the trial was held in secrecy. His fate echoes the disappearances of other Chinese billionaires, like Jack Ma, Ren Zhiqiang, and Ye Jianming, all of whom crossed invisible lines set by the regime.

The Bigger Picture

Xiao’s case is not just about financial crime—it’s about power, secrecy, and the brutal silencing of those who know too much. The episode raises pressing questions:

• What secrets did Xiao take to the grave?
• Was he a victim of a larger purge within China’s elite?
• Is this a warning to other powerful figures who dare challenge the system?

This hard-hitting investigative piece reveals the dark, hidden economy that sustains China’s ruling class—and the terrifying consequences of stepping out of line.

In China, those who know too much… never get to tell their story.

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