While there’s no indication the China Renaissance Holdings Ltd. chairman has become a target of regulators, the investment bank said late Thursday it had lost contact with Bao. The banker’s family was told he’s assisting an investigation, a person familiar with the matter said.
Bao Fan’s knack for closing complicated deals and spotting rising tech stars made him one of China’s most influential financiers.
His sudden disappearance this week — linked to a Chinese government investigation — is now sending chills through the country’s business elite and raising fresh doubts about whether President Xi Jinping’s crackdown on the private sector has run its course.
