After Jack Ma, now it is top Chinese investment banker Bao Fan who has disappeared. He is the Chairman and CEO of investment bank China Renaissance. His investment bank and equity firm have revealed that he become unreachable and are unable to contact him.
China’s leading Investment Banker Bao Fan becomes unreachable
The company has been in the dark about his whereabouts and in the meantime Shares of the company fell by 50 percent. His disappearance from the scene has come at a time when China’s anti-corruption agency has initiated probe against China’s $ 60 trillion financial sector in late 2021.
Last year , Alibaba founder Jack Ma also disappeared from the scene, since then there have been lot of speculation about his whereabouts. In fact Ma has been keeping a low profile since delivering a speech in October in Sanghai in which he severely criticized the China’s financial regulators.
Alibaba shareholders last decided to implement a series of adjustments , which saw Jack Ma giving up his voting rights, and was decided that he would no longer be in control of Alibaba.
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Meteoric rise Bao Fan in Chinese Financial Sector
Bao Fan started his investment banking career in the late 1990’s at Morgan Stanley and Credit Suisse and later became an advisor to the stock exchanges in Shanghai and Shanzen.
Boa incorporated China Renaissance in 2005 with a two person team, since then has not looked back and has specialized in matching start-ups with venture capitalists and private equity investors. It has also diversified in services such as underwriting, sales and trading.
He is also well known for his merger initiative of two of China’s leading food delivery services, Meituan and Dianping.
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