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China Renaissance Holdings

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"Missing Chinese Banker Bao Fan Resigns Amid Investigation and Disappearance"
business2 years ago

"Missing Chinese Banker Bao Fan Resigns Amid Investigation and Disappearance"

Bao Fan, the prominent investment banker who disappeared nearly a year ago amid a Chinese investigation, has resigned as chairman and chief executive of China Renaissance Holdings, citing "health reasons" and a desire to focus on family affairs. His resignation comes amidst Beijing's crackdown on the business elite and signals an escalation in the government's anti-corruption campaign. The company did not disclose the nature of the investigation, and Xie Yijing has been appointed as the permanent head of China Renaissance.