ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Politics

Chinese tycoon's disappearance foreshadows showdown in Beijing

Xiao Jianhua's abduction deals body blow to anti-Xi faction

| China
Billionaire Xiao Jianhua reads a book outside the International Finance Centre in Hong Kong in December 2013. He was apparently taken from a hotel room in the city by mainland Chinese police on Jan. 27.   © AP Photo/Next Magazine

In appearance, newly minted Chinese tycoons bear no resemblance to fattened geese. In reality, their ultimate fate may be little different. Unprotected by the rule of law, Chinese tycoons -- and their wealth -- are easy prey in a one-party state.

The latest incident demonstrating the precariousness of China's super-rich occurred in the dead of night on Jan. 27, the eve of the Year of Rooster. Six Chinese security agents abducted 46-year-old magnate Xiao Jianhua from his luxurious Four Seasons serviced apartment in Hong Kong.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more