A stock market filing says missing Chinese investment banker Bao Fan is co-operating in an investigation in China. China Renaissance Holdings Ltd., which Bao founded, gave no further details. The company says it has been unable to reach Bao but its operations continue as normal. The company s Hong Kong-listed shares have slumped by nearly a third since Bao went missing. He is one of China’s top dealmakers in the technology industry, having worked on major deals including e-commerce company JD.com’s $2 billion initial public offering and the share listing for short video platform Kuaishou in Hong Kong. Bao s whereabouts are unclear.
NEW YORK: The disappearance of Chinese banker Bao Fan has come as a surprise to even some of his state-owned lenders, several of which are asking his firm for more information as they assess their exposure, according to people familiar with the matter.
Chinese dealmaker Bao Fan, founder of investment bank China Renaissance Holdings Ltd, has gone missing in the latest disappearance of a top business executive, unnerving investors and sending its stock down as much as 50 per cent on Friday (Feb 17). The mainland China-based boutique bank said in an exchange filing late on Thursday the company had been unable to.