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The disappearance of Chinese banker Bao Fan has renewed concerns about Beijing's crackdown on entrepreneurs. Experts say the trend will cause investors to lose confidence in China.
From Jack Ma to Bao Fan, several business magnates have disappeared from China decimating the profit and undermining Beijing's new priority of restoring business confidence following the end of its zero-COVID policy and crackdowns on the private sector, The Sydney Morning Herald reported.
From Jack Ma to Bao Fan, several business magnates have disappeared from China decimating the profit and undermining Beijing new priority of restoring busines
Missing Chinese investment banker Bao Fan is cooperating with a government investigation, his firm China Renaissance said in a filing Sunday.
Bao is the chief executive and founder of China Renaissance Holdings and a leading deal broker in China whose clients include top technology companies Didi and Meituan.