US EditionChinese tech financier Bao Fan released after probe, says former colleague
CHINA, AUG 10 – Bao Fan was detained amid President Xi Jinping's anti-corruption campaign targeting financial elites, with China Renaissance shares rising over 16% after news of his release, sources said.
- China Renaissance founder Bao Fan was released in early August 2025 after more than two years in detention by Chinese authorities.
- Bao went missing in February 2023 amid a broad anticorruption campaign led by President Xi Jinping that targeted financial elites with little official explanation.
- His disappearance halted China Renaissance’s operations, including a suspension of its shares from April 2023 to September 2024, during which the stock plummeted 72 percent on resumption.
- China Renaissance shares jumped nearly 17 percent to HK$6.87 following news of Bao’s release, although he will not return to active management, said sources and a former colleague.
- Bao’s release signals a potential easing in Beijing’s crackdown on tech and finance, but the anticorruption campaign and common prosperity policy with pay caps and clawbacks continue to reshape China’s financial sector.
13 Articles
13 Articles
Chinese tech financier Bao Fan released after probe, says former colleague
Chinese tech financier and banker Bao Fan has been released by Chinese authorities after vanishing from public view more than two years ago while "cooperating" with an investigation, a former colleague told AFP.
The case of Bao Fan, China's star banker released from detention after 2 years
China Renaissance founder Bao Fan, 54, was freed after more than two years in mainland custody amid an undisclosed investigation. Detained in February 2023, Bao’s absence caused a 72 per cent stock plunge when trading resumed in 2024, slashed revenues to RMB 777 million ($108 million), and led to major leadership changes, with his wife, Hui Yin Ching, now serving as chair
Chinese tech financier Bao Fan released after probe: former colleague
Chinese tech financier Bao Fan has been released by Chinese authorities after vanishing from public view over two years ago while “cooperating” with an investigation, a former colleague told AFP Saturday. Bao Fan. File photo: lagou.com. Bao was a key player in the emergence of some of China’s biggest tech giants, supervising blockbuster IPOs and the landmark 2015 merger between ride-hailing giant Didi and its top competitor at the time, Kuaidi D…
High-profile Chinese dealmaker Bao Fan released from detention after two years, source says
BEIJING: Bao Fan, the star dealmaker and founder of boutique investment bank China Renaissance Holdings 1911.HK, has been released more than two years after being detained by Chinese authorit
China frees star banker Bao Fan after two-year detention, according to Chinese media
BEIJING, Aug 8 — Bao Fan, founder of investment bank China Renaissance Holdings, has been released more than two years after being taken away by authorities, Chinese media Caixin reported on Friday, citing unidentified sources.Bao, a star dealmaker who went missing in February 2023, “has come out”, multiple sources told Caixin.Bao, who previously worked at Credit Suisse and Morgan Stanley, was widely regarded as one of China’s best-connected ban…
Coverage Details
Bias Distribution
- 50% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
