Missing Chinese tech banker 'assisting' authorities

Bao Fan: Missing Chinese billionaire assisting authorities, firm says

Feb 27, 2023 by BBC News - Technology

Key Facts

  • Mr Bao is the chief executive and founder of China Renaissance Holdings and a leading deal broker in China whose clients include top technology companies Didi and Meituan.
  • "The Board has 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 bank said in a filing to the Hong Kong Stock Exchange.
  • The announcement is the first time that China Renaissance has given a reason for the disappearance of its founder, although it did not give details about the investigation.
  • Mr Bao's disappearance comes against the backdrop of a crackdown on leading technology companies by Chinese authorities.

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