Beijing’s China Renaissance said missing chairman assisting PRC authorities

Bao Fan was first reported missing on 16 February.

China Renaissance, a Beijing-headquartered boutique bank, said that its missing chairman Bao Fan is cooperating in an investigation being carried out by Chinese authorities, the bank announced in a HKEX filing.

“The board has become aware that Mr. Bao is currently cooperating in an investigation being carried out by certain authorities in the People’s Republic of China,” the company said in the bourse filing.

China Renaissance first announced that its chairman was missing on 16 February.

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In a separate report, Reuters–citing sources–said that authorities took Bao away to assist in the investigation of the bank’s former president Cong Lin.

Since the announcement, China Renaissance said that it has been trying to locate Bao and ascertain his status.

China Renaissance said that business and operations of the group are continuing normally, and that it will cooperate and assist with any lawful request from PRC authorities if made.

The bank said it will monitor developments in connection with the investigation.

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