China Renaissance chairman's detention extended by 3 months - report

China Renaissance Holdings

31/05/2023 12:19

BEIJING, May 31 (Reuters) - The detention of Bao Fan,
chairman of investment bank China Renaissance Holdings
 1911.HK , has been extended for another three months beginning
May 7, Chinese financial publication Economic Observer reported
on Wednesday, citing sources. 
    Late in February, the bank said in an exchange filing that
Bao, its star dealmaker, was co-operating with authorities in
their investigation.
    China Renaissance did not immediately respond to a Reuters
request for comment.

 (Reporting by Beijing Newsroom; Editing by Andrew Heavens)
 ((qiaoyi.li@thomsonreuters.com;))