Five years after his disappearance, a Chinese-Canadian billionaire faces trial

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More than five years after his mysterious disappearance from a luxury hotel in Hong Kong, a Chinese-Canadian billionaire and once-trusted financier of China’s political elite has stood trial in a case that epitomizes efforts by the ruling Communist Party to mastering an earlier era of freewheeling capitalism.

Chinese authorities have not released details of the charges against the financier, Xiao Jianhua. The Canadian Embassy in Beijing said in an emailed statement that it was aware of Monday’s trial and was following the case closely. The embassy added that it provides consular services to Xiao’s family and will continue to press for consular access, but declined to provide more information out of concern for Xiao’s privacy, it said. she declared.

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