According to the WeChat public account of the First Intermediate People's Court in Shanghai, the court determined that Xiao Jianhua and the tomorrow Holdings founded by Xiao Jianhua and him have violated national financial management laws and regulatory regulations since 2004.Means, actually control a number of financial institutions and Internet financial platforms.
From January 2010 to January 2017, Tomorrow Holdings and Xiao Jianhua used a number of companies that actively controlled as a financing and guarantee subject to sell actively managed and collected funds trust products, exceeded the proportion of sale and sales scale sales investment insurance type insuranceProducts, sale of personal and legal person wealth management products, illegally absorb more than 311.6 billion yuan in funds; use customer funds and trusted property by more than 148.6 billion yuan without authorization;Use, the use of illegal use of more than 190.9 billion yuan.Tomorrow holds the above -mentioned crime illegal income, mainly used to acquire financial institutions, securities transactions, overseas investment, etc.
The hospital also reported that from 2001 to 2021, Tomorrow Holdings and Xiao Jianhua escaped financial supervision and obtained other improper interests, and bribed shares, real estate, cash and other property to multiple state staff (handling)RMB 680 million.
The 50 -year -old Xiao Jianhua was born in Shandong, China, and is the founder and actual controller of the "Tomorrow".The "Tomorrow Department" holds the shares of 44 financial institutions, and the total assets are estimated to be 3 trillion yuan, and the business spans the banks, insurance and investment funds and other fields.According to the estimates released by Hurun in 2016, the family wealth of the Xiao Jianhua and Zhou Hongwen couples reached 40 billion yuan.
Tomorrow Holdings is fined 550.3 billion yuan
Xiao Jianhua holds Canadian nationality, but the Chinese government does not recognize his foreign nationality.According to Reuters, Chinese Ministry of Foreign Affairs spokesman Wang Wenbin said at a routine press conference on Friday that China does not recognize that Chinese citizens have dual nationality, Xiao Jianhua has Chinese nationality, and China will judge the criminal acts of their own citizens in accordance with the law.s right.
The Shanghai First Intermediate People's Court was also sentenced to the same day to punish the number of holdings on the same day and fined RMB 55.53 billion; the recovery of the illegal income of Tomorrow Holdings and Xiao Jianhua in the above -mentioned crimes and their interest rates were not ordered to refund the compensation.
The court said that the criminal behavior of Holdings and Xiao Jianhua will seriously damage the order of financial management, seriously endangers China's financial security, and seriously infringes the integrity of state staff.In the case of pleading guilty and confession, and cooperating with the chase and losses, Xiao Jianhua also had a performance performance, and he could punish it from the law according to law.
Xiao Jianhua was taken from the Four Seasons Hotel in Hong Kong to mainland China in January 2017, and has been detained so far.In 2020, nine companies under the "Tomorrow Department" were taken over by the China Banking Regulatory Commission and the Securities Regulatory Commission.On July 4 this year, the Shanghai First Intermediate People's Court opened the trial of the Holdings and Xiao Jianhua's case tomorrow.
From the Hanmen students to the mysterious rich, Xiao Jianhua has created a huge financial empire in just 20 years.It is rumored that this is largely due to his close relationship with the CCP's high -level officials, and pointed out that he has served as a white glove of the interest group and the wealthy family to provide funds as shelters and earn huge profits.In addition, the Wall Street Journal report also said that Xiao Jianhua was suddenly brought back to the mainland and believed that the Chinese stock market was controlled in 2015 and plummeted.
