China Renaissance chief banker Bao Fan missing
Bao Fan, Chinese billionaire and Chairman of investment bank China Renaissance has been declared missing.
“The company has been unable to contact Mr Bao”, China Renaissance said in an announcement to the Hong Kong Stock Exchange on Friday.
The bank noted that it was not aware of any information indicating that Mr Bao’s “unavailability” was related to the bank’s business.
The 52-year-old dealmaker had been unreachable for two days as of Thursday evening.
Mr Bao is a major figure in the Chinese tech industry, who has also played a key role in the emergence of various domestic internet startups.
The sudden disappearance of the Chinese billionaire has raised concerns about a renewed crackdown on China’s finance industry as President Xi Jinping continues his long-standing crusade against public corruption.
In September, China Renaissance’s former president, Cong Lin, was apprehended by Chinese authorities, according to Caixin, a Chinese financial media outlet.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
NationWide
NDLEA intercepts N900 million worth of opioids in nationwide raids
The consignment, made up of eleven cartons packed in two wooden structures, arrived at the airport’s import shed on Tuesday.
States
Uba Sani donates vehicles to JNI, CAN, religious sects in Kaduna
Mr Sani pointed out that some politicians who foresee defeat are planning to disrupt public peace before, during or after the coming elections.
States
Police repel cattle rustlers’ attack, recover 39 stolen cows in Kaduna
Mr Hassan said the Commissioner of Police, CP Muhammad Rabiu, commended the gallantry of the operatives and community partnership.
Politics
Lagos CP urges political parties to notify police before campaigns
The commissioner warned that the command would not tolerate any act that could disrupt public peace.
States
Lagos government seals church for noise pollution
Mr Wahab said the state government will not tolerate environmental violations that disrupt residents’ peace and well-being.
NationWide
Nigeria among most terrorised countries; tell citizens how many you’ve lifted out of poverty, hunger, Obi challenges Tinubu
Mr Obi asked Mr Tinubu to state how many Nigerians his administration has pulled out of poverty and hunger.
