China banking tycoon Bao Fan ‘cooperating with investigation’


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Chinese billionaire Bao Fan is “cooperating in an investigation” by authorities, his company said, almost two weeks after his disappearance sparked fears of a renewed crackdown on the nation’s financial services industry. The China Renaissance chairman rose to fame as a key player in the emergence of some of the country’s biggest tech giants, supervising blockbuster IPOs and a landmark merger between major ride-hailing firm Didi and its top competitor at the time, Kuaidi Dache. China Renaissance CEO Bao Fan has vanished. His Hong Kong-listed firm said in a filing dated Sunday that it was now “aware that Mr Bao...