D.卡尔顿 罗西
D. Carlton Rossi

Xiao Jianhua


                                                        Trudeau and Mulroney


Brian Mulroney, Liberal government
seek release of billionaire in China

CRAIG OFFMAN and Nathan VanderKlippe

TORONTO and BEIJING — The Globe and Mail

Last updated Monday, Mar. 06, 2017 8:34AM EST

Former Canadian prime minister Brian Mulroney and the federal Liberal government are both trying to win the release of Xiao Jianhua, a detained Chinese-Canadian billionaire whose dramatic disappearance has thrust Ottawa into the high-stakes machinations of Communist Party power struggles.

A memo obtained by The Globe and Mail, sent from the law firm Norton Rose Fulbright to an intermediary representing Mr. Xiao’s family, indicates that Mr. Mulroney is acting to win Mr. Xiao’s release and has succeeded in pushing the file high on the Global Affairs’ list of priorities.

“Specifically Minister Freeland and her Deputy Minister Ian Shugart … are now personally involved in the file, and the Prime Minister’s office is engaged. Prime Minister Trudeau himself is aware of the situation,” the memo reported.

But it makes little sense for the prime minister to publicly champion the cause of a “very murky financier involved in all kinds of very complicated transactions. You have to stand for his rights, but you have to be careful in how you move,” said Yves Tiberghien, director of the Institute of Asian Research at the University of British Columbia.




The curious case of the Canadian
with eight citizenships

Article courtesy of South China Morning Post
By Ian Young, South China Morning Post

March 14, 2017

The reasons to have a second passport are many, but for the world’s wealthy elite, they have often amounted to what Canadian immigration lawyer David Lesperance called “the backup plan.”

He recounted a Shanghainese client who likened second citizenship to having a “fast junk in the harbour, fitted with gold bars.” After generations of turmoil, the bolthole mentality runs deep among China’s rich – by one estimate, 47% of rich mainlanders plan to immigrate within five years.

But Lesperance wasn’t so optimistic about Xiao’s prospects on mainland soil. “He is screwed. Canadian citizenship is but a tool. ... If you don’t have the assistance of someone to load it or the willingness to fire it, then it just hangs on the wall.”

He noted that Xiao’s family was now reportedly trying to apply pressure for his release via Canada’s Foreign Affairs Department, and former prime minister Brian Mulroney, but “whether this is too little too late, only time will tell.”

Physical presence is a “misguided fixation” that “does not deal with ‘ghost residents and citizens,’” he said. “Rather it continues to allow those who are contributing little to Canada to acquire Canadian residence and citizenship.”



What is going on with respect to Canada's relations with China? It is mind-boggling. It is opportunistic rather than strategic. It seems driven by what the Chinese want rather than by what is in Canada's best interests. Is it the Chinese government itself which is behind transfering their problem to our shores. What tradeoff will Canada have to pay to solve their political problem?

A basic question remains unanswered. How did a billionaire from the Chinese mainland who had a murky financial background gain residence in Hong Kong and then citizenship in Canada? The government is pursuing a "Canada's back" strategy with regard to China. However, it should be relabelled "Watch your back Canada!".

D.卡尔顿 罗西


Nationality law of the People's Republic of China

Chinese nationality is automatically lost (or terminated) when a person has settled abroad and pursues one of the following acts (Article 9):

    naturalizes as a citizen of another country (regardless of whether the naturalization is involuntary), or
    voluntarily acquires the nationality (through naturalization or registration) of another country.

The term "settled" has the same definition as above.

Outside the circumstances of legally automatic loss of Chinese nationality under Article 9, Article 10 provides for voluntary termination of Chinese nationality under certain circumstances, discussed further below.

For example, a Chinese national who possesses Canadian permanent resident status and who naturalizes as a Canadian citizen loses his Chinese nationality upon the completion of his naturalization because he has voluntarily acquired Canadian citizenship while settled abroad (holding Canadian permanent residency), and any minor children under the age of 18 he might have also loses Chinese citizenship if the children have naturalized as Canadians along with their parent, regardless of whether the children's acquisition of Canadian citizenship is against their will.


Dual Citizenship of China

Despite the clauses of the Chinese laws on dual citizenship, accounts have revealed that many Chinese who acquired second citizenship are not forced to renounce their Chinese citizenship. It is the speculative “shadow policy” (which seeks to extend Chinese culture and ideology throughout the world) which permits such account of accepted dual citizenship. In order to achieve this Chinese permeation, Chinese citizenship must be retained by its nationals who settle in other countries, so covertly allowing dual citizenship status for foreign affairs and goals.


China-Canada Extradition Treaty


The history of a China-Canada Extradition Treaty is a sordid one. Almost exclusively it has been China that has wanted an extradition treaty predominantly to expedite the extradition of their most wanted corrupt officials who have been charged with graft. In each of three major cases, China has dangled the carrot of trade benefits and the stick of incarceration of Canadian citizens to achieve its political ends. It has been a historical fact that there were three Canadians who were under arrest at the time of trade talks; namely, the dual citizen Zhang Kunlun for religious crimes, missionary Kevin Garratt for espionage and the apparent, dual citizen Xiao Jianhua for questionning regarding complex, shady, financial dealings.


                                         Zhang Kunlun

Canada had completed an Extradition Act on June 17th, 1999 which may have been influenced by the possibility of Falun Dafa members seeking asylum in Canada. The PRC passed an Extradition Act on December 28, 2000 at the height of the persecution of the Falun Dafa. Common sense concludes that the PRC was seeking a China-Canada Extradition Treaty 中国-加拿大引渡条约 that would cover the Falun Dafa issue. The bait was Zhang Kunlun and trade. Zhang Kunlun had dual citizenship, but entered China under a Chinese passport. He confessed under coercion to his crimes in January 2001 or just before the Canadian trade delegation led by Chretian was to arrive.


                                          Kevin Garratt

Kevin Garratt was arrested on trumped-up charges of espionage. He was convicted on those charges. While the Canadian government denies that he was released on the condition that Canada negotiates an extradition treaty with China it certainly appears that way. Major trade negotiations were underway--particularly in canola sales.


Now, again, there is a similar situation. Xiao Jianhua was granted Canadian citizenship, abducted from his residence in Hong Kong, and currently held in China. He may also have held a diplomatic passport from Antigua and Barbuda at the time of his arrest. It was speculated that he had left the mainland earlier because of  suspicions of graft. The open question is whether or not he also retains Chinese citizenship. If he is charged with a crime in China then it seems he will be charged as a Chinese citizen. However, it appears that a trial would be the last thing the Chinese government would want.

"The party in 2017 will hold its 19th congress, when all of the seven Standing Committee members except Xi and Li are scheduled to retire, having reached the age of 68. Six out of the remaining 18 members in the Politburo, the second most powerful body in the hierarchy, are also due to step down by then." 1. Disclosure of corruption, upper echelon ties and a trial of Xiao Jianhua would be a major embarrassment for the Chinese government. It seems that if his Antigua and Barbuda diplomatic passport had been renewed until 2018 then it was probably cancelled as of February 02, 2017 by an island government that wanted the appearance of transparency. Of course, a return to his Hong Kong residence is a possibility, but that is not far enough. Canada is far enough. For us it is a bridge too far.  

It seems that this time China is putting pressure on Canada to sign an extradition treaty under contrived circumstances. It is not in Canada's interest either to repatriate Xiao Jianhua or to sign an extradition treaty with China in order to secure his release and return to Canada. Of course, he should be offered consular services to ensure that he receives due process of law in China.


                          Brian Mulroney and Justin Trudeau

Both the former Hon. Prime Minister Brian Mulroney and the Hon. Prime Minister Trudeau are interested in free-trade. Mulroney was elected on a free-trade platform which culminated in NAFTA. Trudeau is bucking the international trend to protectionism and perhaps the wishes of the Canadian people in pursuing a free-trade agreement with China on the back of the unpopular,conservative China-Canada FIPA. The length of the latter agreement roughly coincided with the longevity of an oil sands project.

It seems that Mulroney and Trudeau wish to push oil sands development. They believe that Xiao Jianhua who sdkfjdskfjdskjfksjfk will help them pursue that goal. It appears they wish to promote an oil for wind turbine and solar panel deal. On the surface, that idea sounds ideal if one overlooks corruption practices of various governments. However, it begs the question "Why doesn't Canada through the Bank of Canada or its Canadian Infrastructure Bank (CIB) undertake to finance, design and manufacture wind turbines and solar panels in the Province of Alberta? Canada does not need to import them from China. More basically, why does a country with sophistical, technological expertise like Canada surrender a chance to  manufacture high technology products which will help to rebuild the middle-class?  

Finally, if Canada were to facilitate the transfer of Xiao Jianhua to Canada for dubious benefits then it would open up a Pandora's box of problems. Why did China find it necessary to pursue the return of Lai Changxing in order to stand trial in China if it conducts the opposite operation with respect to Xiao Jianhua. It appears that China may not wish to wait for the years it took to return Lai, but may want a quick solution to the Xiao issue for political expediency. Second, how can one stop dirty money--dirtier than the tar sands--from entering Canada and potentially introducing an epidemic of corruption across the country. Third, why would Canada consider under any circumstances an extradition treaty which would only serve the interests of China?

Fourth, there is nothing transparent about the bromance of a former Conservative Prime Minister and a current Liberal Prime Minister in terms of free-trade, an extradition treaty, political intrigues and the long-standing conduct of a bagman and purveyor of questionable, murky deals whose Canadian citizenship appears to be one of convenience and insurance. At this point, it does not look, though, that Xiao has been charged with financial crimes so that it is conceivable it might facilitate his entry into Canada without a bevy of charges against him. In other words, he would be free to conduct free-trade on an unrestriced and unfettered basis. Make no doubt about it, Mulroney wants access to Xiao's little red, contact book. Does Canada need to import corruption because there is not enough here?

China-Canada Extradition Treaty 中国-加拿大引渡条约

1.  Xi’s Anti-Corruption Campaign Signals Power Play for 2017

Ting Shi

July 4, 2014


D.卡尔顿 罗西



Hong Kong in a corner after China’s raid on Xiao Jianhua

The billionaire took sanctuary in Hong Kong but the state under Xi Jinping has caught up with him

Financial Times

Ben Bland

February 03, 2017

Mr Xiao’s impeccable political connections were formed with the clique that grew up around Jiang Zemin, who was made general secretary of the Communist party after Tiananmen and was president from 1993-2003. This helped him transform from villager to well-connected bagman, billionaire investor and one of China’s richest men.

These ties, though, could prove to be the undoing of the chubby-faced 45-year-old, whose Tomorrow Group has made investments stretching from chemical plants and coal mines near his wife’s hometown in Inner Mongolia, to Ping An, one of China’s largest insurance companies.    

“Observers like myself had thought Mr Xiao was safe because he conducted transactions for multiple political elites in China, which is a good hedging strategy,” says Victor Shih, a professor of Chinese political economy at the University of California, San Diego. “If he does not resurface soon then this hedging strategy will be shown to no longer be a foolproof way of protecting oneself.”    

Mr Xiao has also earned some powerful enemies. In 2013, the People’s Daily denounced him in a piquant commentary that rejected suggestions by other local media that he was the “JPMorgan of China”. Instead, it painted him as a “messy” dealer who exploited loopholes to make gains from public wealth.

“Shrouded by the aura of Peking University and ‘high technology’, Xiao tells investors enticing stories about wealth that cannot be fulfilled,” the newspaper said. “Xiao Jianhua is not a wealth creator but a wealth mover and destroyer.”

“There is speculation that Mr Xiao knew too much and Xi Jinping doesn’t want embarrassing details to come out in the run-up to the party congress this autumn,” he says, referring to China’s forthcoming five-yearly Communist gathering, when Mr Xi is expected to further consolidate his grip on power.

There is more at stake than Mr Xiao’s billions, however. His abrupt disappearance further undermines confidence in the ability of the Hong Kong government to uphold the rule of law.



Analysis: Behind Xi Jinping’s Risky Grab of
Chinese Billionaire Xiao Jianhua

By Larry Ong, Epoch Times

Last Updated: February 24, 2017

But Xi has recently made a bold and risky play by bringing into custody prominent Chinese billionaire Xiao Jianhua—a move that puts Xi on very shaky ground but gives him significant leverage against the Jiang faction.

But Xiao, a key financier for the Chinese Communist Party’s elite, is currently in Beijing and assisting in corruption investigations, said a high-level source with authoritative information about discussions in the top Chinese leadership, who spoke with Epoch Times. Xiao’s case is now “top priority” in Zhongnanhai, the official work and living quarters of the Chinese leadership.

Xiao, the source said, is the Jiang faction’s most important money launderer and one of the most potent figures in the Chinese financial sector. Investigating Xiao is intended to implicate other members of the Jiang faction, including Zhang Dejiang, the top Hong Kong overseer and elite member of the Politburo Standing Committee; Zeng Qinghong, the former Chinese regime vice chairman and right-hand man of Jiang; and Party godfather Jiang himself.

The source also said the investigation of Xiao is the “prologue” to the Xi administration’s plan to purge Jiang’s remaining influence in Hong Kong’s financial sector, as well as the arts and cultural fields. The investigation is also aimed at countering the Jiang faction’s sway over the upcoming elections to choose the next Hong Kong chief executive.

If Xiao releases enough incriminating evidence about CCP elites, or calls out other money launderers, Xi could conceivably move against Jiang’s three allies in the Politburo Standing Committee—Zhang Dejiang, Zhang Gaoli, and Liu Yunshan—before the 19th National Congress of the Chinese Communist Party, an important political conclave to be held in the latter half of 2017.




                          Two roads diverged in a wood, and I—
                          I took the one less traveled by,
                          And that has made all the difference.

                          Robert Frost
                          "The Road Not Taken"

                                   Tiananmen Square 1989

The Tiananmen Square Massacre, commonly known in China as the June Fourth Incident (六四事件) were student-led demonstrations in Beijing in 1989. More broadly, it refers to the popular national movement inspired by the Beijing protests during that period, sometimes referred to as the '89 

The Road Traveled


                    No Student Photos of Xiao Jianhua are  Available

Xiao Jianhua 肖建华

He has been involved in business for decades, after showing early loyalty to the ruling Communist party with his stance as a student representative at Peking University. He opposed demonstrations in 1989 that culminated in a state crackdown and the killings around Beijing’s Tiananmen Square.

There was no public mention then — and there have been very few mentions since — of the head of the official student union of Peking University at that time. His name is Xiao Jianhua. Mr. Xiao never opposed the government, and the events of June 1989 did not make him one of China’s “most wanted.” Instead, they catapulted him into the ranks of its most wealthy.


At the time, Mr. Xiao was president of the university’s official student union. The position was largely social, organizing lectures and dances, but the post was coveted because of its ties to the Communist Youth League, a launching pad for future careers in the party.


After a tepid attempt to represent fellow students to university administrators that volatile spring, Mr. Xiao shifted course, agreeing with administrators that street protests had become out of hand. People who knew him at the time said he even worked with them to try to defuse the protests before Chinese troops descended on Beijing and crushed them with force.


“Xiao tried to tell the government what the students demanded, but some of the activists didn’t like his conservative approach, so they set up their own organization,” says Mr. Guo, his former classmate. 


The rewards were immediate. Just after he graduated, Mr. Xiao stepped into the world of business with direct financial support from Peking University, one of China’s most prestigious institutes. In the quarter-century since then, he became the prototype of the politically connected financier. He has assiduously courted the party elite, including the family of its current president, Xi Jinping, becoming something of a banker for the ruling class and a billionaire in his own right.

奖赏很快来临。甫一毕业,肖建华就在北大的直接资助下步入了商界,而这所学校是中国最著名的高等学府之一。在接下来的四分之一个世纪里,他成了第一批与政界关系密切的金融圈高层人士的一员。他不遗余力地趋奉党内权贵,包括现任国家主席习近平的家人,逐渐变得像是统治阶层的银行买办,自己也成了亿万富豪。8. (For One Tiananmen-Era Student)

The Student Movement

                Hunger Strike Statement on Posters at PekingUniversity

"In the very early days of the 1989 Chinese student movement, among the first things the students did was to "disband" their official student union by massive demand. In Peking University, this happened in the evening of April 19.


        Students at Peking University calling for continued class strike

The official student union, if not officially dissolved, became defunct since then. Nobody had paid any attention to them until now, 25 years later, when New York Times published a profile of the head of that union in Peking University at the time: Xiao Jianhua." 7. (Standoff at Tiananmen)


           Chinese Agents Abduct Billionaire Diplomat in Hong Kong

                                          January 31, 2017

Excerpts from Public Statement by Ms. Yu Lan, Spokesperson of Tomorrow Group in 2014

As the chairman of the strategy committee of Tomorrow Group, Mr. Xiao keeps studying the theories of Mr. Warren Buffett, and has achieved lots of success. 

As a loyal student to Mr. Warren Buffett’s theories, Mr. Xiao always makes judgments on the trend of stock market and investments in onshore and offshore markets based on his own study and at his sole judgment. He deeply understands the correctness of Mr. Warren Buffett’s theories, and has achieved success through market actions and investments completely in compliance with the laws and regulations. 1.

After the “Event of 1989”, Peking University did not provide any financial support to any entrepreneur (and NO support to Mr. Xiao either).

It was reported that Xiao Jianhua and his business empire started in "Beijing Beida Tomorrow Resources Technology" (Chinese: 北京北大明天资源科技), a company that was 20% owned by Peking University Resources Group at that time.   Wikipedia                       

The Road Less Traveled


                               Li Lu at far right in June 1989

Li Lu 李录

In 1989, he participated in the Tiananmen Square student protests and became one of the student leaders. He helped organize the students and participated in a hunger strike. He fled the PRC through Operation Yellowbird.


                                         Li Lu on the right

Among the students leaders  Li Lu became an investment banker and venture capitalist on Wall Street.

Li Lu (born April 6, 1966 is a Chinese-born American investment banker, investor and hedge fund manager. He is the founder and Chairman of Himalaya Capital Management. He was one of the student leaders of the 1989 Tiananmen Square student protests, an experience he recounted in a 1990 book, Moving the Mountain: My Life in China, that was the basis of a 1994 documentary by Michael Apted. 2.

Li was inspired to get into banking after hearing Warren Buffett, a Columbia alumnus, give a lecture at Columbia in 1993. 3.


                                         Charlie Munger

Charlie Munger, Vice-Chairman of Berkshire Hathaway and a long-time partner of the legendary investor Warren Buffett, is one of the investors of his fund, and a “mentor and good friend” (in Li Lu’s own words). Li Lu has been known as the man who introduced the Chinese battery and auto maker BYD Company to Charlie Munger and Warren Buffett. He is an informal advisor to BYD. His LL Investment Partners owns about 2.5% of BYD.

Munger, along with Buffett, is one of the main inspirations behind the book Seeking Wisdom: From Darwin to Munger. Author Peter Bevelin explained his key learnings from both Munger and Buffett in a 2007 interview: "How to think about businesses and investing, how to behave in life, the importance of ethics and honesty, how to approach problems but foremost how to reduce the chance of meeting problems." 4.

Mr. Li, 44 years old, has emerged as a leading candidate to run a chunk of Berkshire's $100 billion portfolio, stemming from a close friendship with Charlie Munger, Berkshire's 86-year-old vice chairman. In an interview, Mr. Munger revealed that Mr. Li was likely to become one of the top Berkshire investment officials. "In my mind, it's a foregone conclusion," Mr. Munger said. (August 2, 2010) 6.


                             Warren Buffett at Peking University

Question on leadership at Peking University

A: When doing business, you should not say “everybody else is doing something so we should follow”. Consider what you really need and want to do. On being a successful leader, the basic job is to put the right person at the right place and monitor the whole business. Also, always do what you promise so that your employees will trust you. Warren Buffett  9.

1.  Billionaire Issues Statement About 
     Times Article

New York Times

By David Barboza

 June 5, 2014 


2.  Tiananmen Square Protests of 1989


3.  Li Lu


4.  Charlie Munger


5.  Xiao Jianhua, student leader who became an abducted tycoon
Before disappearance from Hong Kong, the former ‘bagman’ was famed for political connections
Financial Times

Lucy Hornby in Beijing and Jamil Anderlini and Ben Bland in Hong Kong

January 31, 2017


6. From Tiananmen Square to Possible Buffett Successor

The Wall Street Journal

Susan Pulliam

The Wall Street Journal

August 2, 2010


7.  Standoff At Tiananmen

How Chinese Students Shocked the World with a Magnificent Movement for Democracy and Liberty that Ended in the Tragic Tiananmen Massacre in 1989.

June 08, 2014


8.  For One Tiananmen-Era Student,
 a Very Different Path to Power


June 4, 2014

Chinese and English


9.  Warren Buffett's Q&A with Peking University on
     February 17, 2017

Jeffrey Towson

February 26, 2017


10.  Warren Buffett’s possible successor ‘a regular guy’
with a legendary hockey connection

Yadullah Hussain 

March 4, 2015



                         As being the contrary to his high will
                         Whom we resist. If then his Providence
                         Out of our evil seek to bring forth good,
                         Our labour must be to pervert that end,
                         And out of good still to find means of evil

                         Paradise Lost: Book  1 (1674 version)
                         John Milton

Why missing Chinese billionaire Xiao Jianhua
and Hollywood star Robert De Niro
have a stake in island paradise


February 02, 2017 

More than a year earlier, in June 2015 as the cash-for-citizenship scheme was taking off, there was little fanfare when the same Browne conferred ambassador-at-large status upon Xiao.

But it is almost certain that Xiao, operating from his Hong Kong hotel living quarters with a contact book dripping with high-net-worth individuals looking for a high-class bolt hole for their money, would pull in more hard cash.

In fact, just short of half the applications since the programme launched in November 2013 come from Chinese nationals.

The scheme offers three paths to obtain an Antigua and Barbuda passport: a US$1.5 million investment in a business; a US$400,000 purchase of a government-sanctioned property project; or, the most popular route, a US$250,000 donation to a national development fund.

Successful applicants enjoy visa-free travel to 130 countries including the UK, Canada, Hong Kong and Singapore. Applicants must maintain their investment for five years and reside in the country for a minimum of 35 days per year.

In August 2014, nearly a year before Xiao became ambassador-at-large in paradise, Browne met Xi in Beijing and was congratulated on the signing of a series of deals.

As well as members of Middle Eastern royalty , Sun Yinhuan, another Chinese billionaire and the owner of Yida Group, is understood to have already committed to building a US$1 billion mega-resort in Antigua. Construction on the massive 1,600-acre residential and commercial project, called Singulari, is to include marinas, homes, golf courses and the Caribbean’s largest casino.



Missing tycoon Xiao Jianhua had diplomatic passport
from Caribbean state

Antigua and Barbuda hoped to benefit from the mainland billionaire’s extensive network

South China Morning Post

PUBLISHED : Wednesday, 15 February, 2017

Missing mainland billionaire Xiao Jianhua received a diplomatic passport from Antigua and ­Barbuda just days before ­President Xi Jinping and Premier Li Keqiang met the prime minister of the tiny ­Caribbean ­nation in Beijing.

A copy of the passport – which was issued on August 8, 2014, and expired on the same date in 2016 – was passed to the South China Morning Post by a senior Antiguan diplomat, who said the 45-year-old tycoon was appointed as an “ambassador-at-large” for the country because of his extensive network.

It was not clear if the diplomatic passport was renewed after it expired, but Xiao’s appointment as ambassador-at-large for the country almost a year after being granted the document by Prime Minister Gaston Browne was ­extremely rare.

The top-level meetings in the Great Hall of the People were ­followed by announcements of substantial investments in the country by China.

In an interview with the Post, Sir Ronald Sanders, Antigua and Barbuda’s Ambassador Extraordinary to the United States, said ­Xiao was granted special diplomatic status because of his ­“contacts with high level and high net-worth individuals who could benefit our nation’s economy”.

However, Sanders said: “Mr Xiao and Mr De Niro were not granted either their passports or their special status under the ­Citizenship by Investment ­Programme.



                                  Prime Minister and Xiao Jianhua

Antigua PM appoints Chinese billionaire
as country’s Ambassador-at-Large


June 12, 2015

In presenting the Letter of Appointment to Xiao, Browne said he has been invested with the authority to promote investment, trade and commerce, business and tourism development, and negotiate with the authorities and business entities of all states and territories.

He will also advise the Minister of Foreign Affairs and the Minister of Tourism and Investment of the potential for economic cooperation, commerce and investment between Antigua and Barbuda and various states and territories.

Ambassador Xiao is the founder and owner of the powerful Tomorrow Holdings, which controls nearly 1 trillion Yuan (US$160 billion) of assets ranging from banks and securities houses.

Tomorrow Holdings controls over nine listing companies holding shares in over thirty financial institutions, including 12 city commercial banks, six securities companies, trust firms, insurers, mutual fund companies, futures firms and asset management companies.



                               June 13-2014 Yida Internatiional Investment

UPP: revoke YIDA license


In Local Headlines

The United Progressive Party has called on the government to revoke with the Antigua and Barbuda Special Economic Zone YIDA International Investment Antigua Limited License Order with immediate effect.

The document was given approval by Prime Minister, the Hon. Gaston Browne in December 2015 and outlines the provisions that YIDA International is expected to adhere to.

Political Leader of the Party, Senator the Hon. Harold Lovell, has also expressed his party’s deep concern regarding the “non-performance of YIDA International Limited”.

Speaking at a press conference held at the party’s Headquarters on Monday, Senator Lovell frankly stated that the Chinese based company would receive unlimited concessions and other special privileges as a result of the license.

The company is expected to develop a US $2 billion over a 10-year period, develop the largest free trade zone in the country, off-shore financial centre, 5-star luxury resort, internationally branded villa communities, a casino and gaming complex, multi-purpose conference centre, 27-hole golf course, marina and landing facilities, commercial, retail, sports and other auxiliary facilities.

However, no tangible work has been completed to date.

“The concessions, rights and incentives were based on a false promise and if this promise no longer stands, then the concession and incentives should be immediately revoked”, Senator Lovell asserted.

He pointed out that the license does not make provisions for performance clauses and has no indication of a timeline for the development to be completed.

Senator Lovell also mentioned the fact that it has been recently announced that YIDA has no money.

“When we hear that not only will they not be investing the two billion dollars but they barely have money to invest $20 million. For us the time has come for us to get serious with this matter”, Senator Lovell pointed out.




June 13, 2015 Observer

Political Leader of the opposition United Progressive Party (UPP) Harold Lovell is asking government several questions concerning Chinese billionaire, Xiao Jianhua.

“Mr Xiao is to be given 200 passports and I suppose he’s to go out and sell those 200 passports. They need to come and say whether this thing people have been talking about is true.”


Xiao Jianhua 2