Prominent Chinese Investment Banker Who Went Missing Last Year Resigns From Company He Co-Founded

News Snapshot:

Topline Bao Fan, the high-profile Chinese banker who suddenly disappeared nearly 12 months ago amid Beijing’s crackdown on alleged corruption in the country’s finance sector last year, resigned as the chairman and CEO of Beijing-based China Renaissance on Friday. Bao Fan stepped down as the CEO and Chairman of China Renaissance on Friday. South China Morning Post via Getty Images Key Facts In a regulatory filing, China Renaissance said Bao resigned as CEO and chairman with immediate effect “for health reasons and to spend more time on his family affairs.” The investment bank said Bao has “no disagreement with the...