Leading Chinese banker missing amid crackdown

The logo for China Renaissance is seen on one of the company’s offices at an office building in Beijing, Friday, Feb. 17, 2023. Shares of the company that operates one of China’s top investment banks, China Renaissance, plunged Friday after the firm said it had lost touch with its founder Bao Fan, one of the country’s most high-profile bankers and a top tech-sector dealmaker. (AP Photo/Mark Schiefelbein)

Shares of the company that operates one of China’s top investment banks, China Renaissance, plunged on Friday after the firm said it had lost touch with its founder Bao Fan, one of the country’s most high-profile bankers and a top tech-sector dealmaker.

China Renaissance Holdings said in a filing to Hong Kong’s stock exchange on Thursday that it had been unable to contact Mr Bao, who has worked on major deals including e-commerce company JD.com’s two billion dollar (£1.6 billion) initial public offering and the public listing of short video platform Kuaishou in Hong Kong.