US EditionMissing Chinese banker resigns from China Renaissance for ‘health reasons’ a year after disappearing
- China Renaissance Holdings' chairman and CEO, Bao Fan, has resigned citing "health reasons" and a desire to spend more time with family.
- Xie Yijing, the co-founder of the company, has been appointed as the new chairman and CEO, replacing Bao.
- Bao's resignation came after his unexplained disappearance in February last year, which shocked China's business and investing community.
26 Articles
26 Articles
The case of Chinese billionaire Bao Fan remains puzzling: Around a year ago, the entrepreneur was reported missing, and two weeks later it was said that he was cooperating with the authorities. Months later, his bank announced: The boss is resigning for “health reasons.”
Banking tycoon Bao Fan steps down as head of China Renaissance
BEIJING, China —Billionaire financier Bao Fan has stepped down as head of investment bank China Renaissance, the company said Friday, almost a year after he was revealed to be cooperating in an investigation by authorities. Bao rose to fame as a key player in the emergence of some of the country’s biggest tech giants, supervising
Bao Fan, a Chinese billionaire banker who disappeared in February last year, has resigned from all his positions. As CEO of China Renaissance Holdings, Bao Fan was one of the most prominent bankers in China, his clients included Internet giants Tencent, Alibaba and Baidu.When the large company he led announced at the time that they knew nothing about his whereabouts and could not contact him, the price of their shares began to plummet. At the ti…
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