The missing banker is cooperating with the Chinese authorities in an investigation – China Renaissance Hldgs (OTC: CSCHF)

one of Chinahigh-profile investment banker has gone missing is currently cooperating with the relevant Chinese authorities conducting the investigation.

What happened: China Renaissance Holdings Limited cschfsaid in an exchange filing on Sunday that its president was missing bao fan According to Reuters reports, is under an investigation by the Chinese authorities.

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This is the first update on the cause of the founder’s disappearance from the mainland China-based boutique bank since Fan went missing 10 days ago. However, no details about the probe were shared by the bank.

“The board would like to reiterate that the business and operations of the group are continuing as usual,” the bank said in an exchange filing.

Bao’s disappearance was one of the Latest in series of disappearances of top Chinese officials without clear explanation Beijing cracked down on business and tech leaders between the president Xi JinpingComprehensive anti-corruption campaign.

Bao is a leading Chinese deal broker whose clients include top tech giants including Didi and Meituan.

Last week, the Financial Times reported that Bao was preparing Move Some of Your Fortune from China and Hong Kong to Singapore in the months leading up to his disappearance.

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