Chinese bank says missing chairman is cooperating with Chinese authorities in an investigation

China Renaissance Holdings

26/02/2023 12:11

BEIJING, Feb 26 (Reuters) - China Renaissance Holdings
 1911.HK  said on Sunday that its missing chairman and star
dealmaker Bao Fan was currently cooperating with relevant
Chinese authorities conducting an investigation.
        The mainland China-based boutique bank has made several
statements about the disappearance of its founder. Shares of the
company slumped last week after it said in an exchange filing
the company had been unable to contact Bao.
    The dealmaker's disappearance is the latest in a series of
cases of high-profile Chinese executives going missing with
little explanation during a sweeping anti-corruption campaign
spearheaded by President Xi Jinping. 
    The reasons for Bao's disappearance are unclear and the bank
did not give more details of the investigation. 

 (Reporting by Eduardo Baptista; Editing by Frank Jack Daniel)
 ((Eduardo.MonteiroBaptista@thomsonreuters.com;))