Chinese billionaire named ambassador-at-large

In presenting the letter of appointment to Xiao, Browne noted that he has been invested with the authority to promote investment, trade and commerce, business and tourism development, to include negotiations with the authorities and business entities of all states and territories.

The country’s leader also noted that Xiao 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.

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

Tomorrow Holdings controls nine listed companies, holding shares in over 30 financial institutions, including 12 city commercial banks, six securities companies, trust firms, insurers, mutual fund companies, futures firms and asset management companies.

During his visit to St John’s, Xiao and Browne discussed areas of investment, the expansion of the West Indies Oil Company and his collaboration on promotional campaigns for Antigua and Barbuda.



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