Feb 27, 2023 12:52 AM

Investment Banker Bao Fan Is Aiding an Investigation, China Renaissance Says

Bao Fan
Bao Fan

China Renaissance Holdings Ltd. said its founder and chairman Bao Fan is assisting Chinese authorities in an investigation, more than a week after the investment bank lost contact with the billionaire dealmaker.

“The company has been trying to reach Bao and ascertain his status,” China Renaissance said Sunday in a filing with the Hong Kong stock exchange. “The board has become aware that Bao is currently cooperating in an investigation being carried out by certain authorities in China.” The Beijing-based enterprise didn’t give further details.

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