Bao Fan, China’s Billionaire Banker Goes Missing

Beijing: Bao Fan, the chief executive of China Renaissance Holdings had not been reachable in recent days.

His company has reported that the high-profile billionaire banker has gone missing.

Bao is a leading deal broker in China whose clients include top tech companies Didi and Meituan.

His firm’s announcement has renewed concerns of a potential Beijing crackdown on finance and tech figures.

The company said that it was “not aware of any information that indicates Mr. Bao’s unavailability” was related to the business of the group.

Shares in the investment firm plunged on Friday after it told shareholders it had “been unable to contact Mr Bao Fan”.

The board added it was not aware of “any information that indicates that Mr Bao’s unavailability is or might be related to the business and/or operations of the group”.