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Prominent Chinese Investment Banker Who Went Missing Last Year Resigns From Company He Co-Founded
Siladitya RayForbes Staff
Covering breaking news and tech policy stories at Forbes.
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Feb 2, 2024,02:57am EST
Updated Feb 2, 2024, 02:58am EST
TOPLINE
Bao Fan, the high-profile Chinese banker who suddenly disappeared nearly 12 months ago amid a government crackdown on alleged corruption in the country’s finance sector last year, resigned as the chairman and CEO of Beijing-based China Renaissance on Friday


Bao Fan stepped down as the CEO and Chairman of [+]SOUTH CHINA MORNING POST VIA GETTY IMAGES
KEY FACTS
In a regulatory filing, China Renaissance said Bao had resigned as CEO and chairman with immediate effect “for health reasons and to spend more time on his family affairs.”The investment bank said Bao has “no disagreement with the Board” and no other issue linked to his resignation “needs to be brought to the attention of the shareholders.”
The company’s filing thanks Bao for his service and says he will be replaced by interim CEO and company co-founder Xie Yi Jing.
Friday’s filing makes no mention of Bao’s present whereabouts or details about Chinese anti-corruption authorities’ investigation into him.