Serious Top Tiong investment banker resurface after disappearing for 1 year!

[Pinkieslut]

Prominent Chinese Investment Banker Who Went Missing Last Year Resigns From Company He Co-Founded​

Siladitya Ray
Forbes Staff
Covering breaking news and tech policy stories at Forbes.
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Feb 2, 2024,02:57am EST
Updated Feb 2, 2024, 02:58am EST

TOPLINE​

Bao Fan, the high-profile Chinese banker who suddenly disappeared nearly 12 months ago amid a government crackdown on alleged corruption in the country’s finance sector last year, resigned as the chairman and CEO of Beijing-based China Renaissance on Friday

Bao Fan stepped down as the CEO and Chairman of [+]SOUTH CHINA MORNING POST VIA GETTY IMAGES

KEY FACTS​

In a regulatory filing, China Renaissance said Bao had resigned as CEO and chairman with immediate effect “for health reasons and to spend more time on his family affairs.”


The investment bank said Bao has “no disagreement with the Board” and no other issue linked to his resignation “needs to be brought to the attention of the shareholders.”

The company’s filing thanks Bao for his service and says he will be replaced by interim CEO and company co-founder Xie Yi Jing.

Friday’s filing makes no mention of Bao’s present whereabouts or details about Chinese anti-corruption authorities’ investigation into him.

KEY BACKGROUND​

In February last year, China Renaissance went publicwith the news of Bao’s disappearance, saying the company was “unable to contact” him. Bao is one of China’s most prominent investment bankers, having overseen several major Chinese tech transactions, including the merger of ride-hailing giants Didi and Kuaidi and delivery platforms Meituan and Dianping. Bao’s unexplained disappearance made international news and raised concerns about Beijing’s continued crackdown on China’s tech and financial sectors. Trading of China Rennaisance’s shares was suspendedin April last year. Chinese state media later confirmed that Bao had been detained by the country’s anti-corruption authorities. In a filing in August, China Renaissance said Bao was “still cooperating in the investigation carried out by certain authorities in the PRC.”

 

[blackmondy]

CCPee is desperately running out of money and is finding ways to incriminate the rich tiongs and hongkees so as to cheong gong their wealth. That's why you see many of them fleeing to sinkieland now.

 

[congo9]

CCPee is desperately running out of money and is finding ways to incriminate the rich tiongs and hongkees so as to cheong gong their wealth. That's why you see many of them fleeing to sinkieland now.

Of course.
They should release these people and let them walk through.
Create more wealth for China and Hong Kong. After all these are the people needed to make china and HK great again.

Certainly not Winnie Xi..

 

[laksaboy]

Of course.
They should release these people and let them walk through.
Create more wealth for China and Hong Kong. After all these are the people needed to make china and HK great again.

Certainly not Winnie Xi..

China and HK would never be great as long as the CCP regime still exists.

Margaret Thatcher was foolish to hand over HK to the mainland and the Dems were foolish to let China join the WTO.

But slowly and surely the angmohs are waking up.