For the first time, mainland China-based boutique bank China Renaissance Holdings gives a reason for the disappearance of its founder, who was reported missing 10 days ago.
abc.net.au/news/bao-fan-china-investigation/102029966China Renaissance Holdings says that its missing chairman and star deal-maker Bao Fan is currently cooperating with relevant Chinese authorities conducting an investigation.Mr Bao's disappearance is the latest in a series of high-profile Chinese executives going missingThis is the first time the mainland China-based boutique bank has given— who was reported missing 10 days ago — though no details about the investigation were shared.
Reuters previously reported, citing sources, that authorities took Mr Bao away earlier this month to assist in an investigation into a former colleague, Cong Lin, the company's former president.
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