China begins trial of missing Canadian-Chinese billionaire

HONG KONG—A Canadian-Chinese billionaire is on trial in mainland China more than five years after he mysteriously disappeared from Hong Kong, marking progress in a long-running case that has baffled the country’s business community.

A trial of Xiao Jianhua, a politically connected financier who once owned vast assets ranging from insurance to beet farming, was due to take place on Monday, a spokeswoman for the Canadian embassy in Beijing said.


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