Posted on

Bao Fan, Banker in China Who Vanished, Is Said to Be Aiding Inquiry


China Renaissance Holdings said Sunday that its chief executive, Bao Fan, a prominent investment banker in China, was cooperating with a government investigation, weeks after the company had announced it was unable to contact him.In a filing with the Hong Kong Stock Exchange, the company said that its board had “become aware that Mr. Bao is currently cooperating in an investigation being carried out by certain authorities in the People’s Republic of China.”The company said its operations were continuing normally. It did not say where Mr. Bao was or identify the matter in which he is supposedly cooperating. Chinese media has reported that the government called on Mr. Bao to assist in an investigation related to a former China Renaissance executive.The latest news followed the company’s disclosure on Feb. 16 that it had been “unable to contact” Mr. Bao. The announcement sent the company’s stock price plunging and the stock has not fully recovered.The disappearance of Mr. Bao, a majo …

Read More