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China Renaissance Holdings

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business1 year 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.