China Renaissance Shares Plunge More Than 20% After It Says Founder Bao Fan Is Missing
Prominent Chinese investment banker Bao Fan is missing, his company China Renaissance said late Thursday.
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Prominent Chinese investment banker Bao Fan is missing, his company China Renaissance said late Thursday.
Economic data in January showed an unexpectedly strong U.S. economy. Markets fell, fearing a more hawkish Fed determined to strangle inflation.
The disappearance of high-profile banker Bao Fan is fueling speculation of a renewed clampdown on China's finance industry.
Bao Fan, who is also executive director of the bank, is a major figure in the Chinese tech industry and has played a key role in the emergence of various domestic internet startups.
The billionaire investment banker is unreachable, according to the investment bank he founded.