News Snapshot:
Officials in China have not addressed Mr Bao’s disappearance. China Renaissance executive Cong Lin was detained in September last year not long after the Shanghai branch of China’s securities regulator called him in for a “supervisory discussion” about alleged violations in the group’s securities unit. Mr Bao’s disappearance has sent a chill through international financial and business circles in China at a time when Beijing is trying to project a more business-friendly image since relaxing harsh pandemic curbs. Mr Bao had made China Renaissance one of China’s top financial institutions, often winning tech deals from larger Wall Street rivals. However,...
