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The Latest Breaking News from China Renaissance

Troubled investment bank China Renaissance suspends share trading

Beijing (AFP) - Investment bank China Renaissance suspended trading in its Hong Kong-listed shares on Monday, saying the disappearance of its chairman meant it was unable to publish its annual results.

AFP

China Missing Banker’s Firm Delays 2022 Results, Halts Trading

China Renaissance Holdings Ltd. said it’ll suspend trading of its shares from Monday and delay the release of its audited results for 2022, as the investment bank failed to get in touch with Chairman Bao Fan who was cooperating in an investigation by Chinese authorities.

Bloomberg

Top Stories of the Month: The Safest and Most Endangered Jobs in a ChatGPT World

AI will replace simple, repetitive jobs, but those involving complexity, creativity and interpersonal skills will continue to thrive and remain the domain of humans

Caixin Global

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read the most diverse news in one place.

Mobile World Congress opens in Barcelona amid smartphone sales slowdown

The annual Mobile World Congress brings together the biggest names in the telecoms industry and this year has reverted to its pre-pandemic format, with over 80,000 delegates expected in Barcelona. FRANCE 24's Leo McGuinn explains what the sector has in store to find a path back to profits. Also in…

France 24

Company says missing Chinese banker Bao Fan aiding probe

A stock market filing says missing Chinese investment banker Bao Fan is co-operating in an investigation in China

The Independent UK

China banking tycoon Bao Fan 'cooperating with investigation'

Beijing (AFP) - 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.

AFP

Chinese bank says missing chairman is cooperating with Chinese authorities in an investigation

China Renaissance Holdings said on Sunday that its missing chairman and star dealmaker Bao Fan was currently cooperating with relevant Chinese authorities conducting an investigation.

Reuters

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Weekly Must-Read: Billionaire Founder of China Renaissance Goes Missing

China Renaissance reports being unable to make contact with its billionaire founder and chairman months after authorities took President Cong Lin into custody

Caixin Global

Chinese banker 'was looking to move wealth to Singapore before disappearance'

The missing founder of China Renaissance, Bao Fan, was looking to start a fund for his personal fortune, according to the Financial Times. Bao is one of the country's biggest financiers in the tech sector and could be the latest target of a crackdown on the industry. Also in the…

France 24

Star banker’s disappearance surprises even China’s state lenders

NEW YORK: The disappearance of Chinese banker Bao Fan has come as a surprise to even some of his state-owned lenders, several of which are asking his firm for more information as they assess their exposure, according to people familiar with the matter.

Bangkok Post

Factbox-Five facts about missing star Chinese dealmaker and his firm

Well-known Chinese dealmaker Bao Fan, founder of investment bank China Renaissance Holdings Ltd, has gone missing in the latest disappearance of a top business executive in the country, unnerving investors.

Reuters

Billionaire Chinese banker Bao Fan is latest top executive to vanish amid corruption crackdown

Chinese dealmaker Bao Fan, founder of investment bank China Renaissance Holdings Ltd, has gone missing in the latest disappearance of a top business executive, unnerving investors and sending its stock down as much as 50pc yesterday.

Irish Independent

Chinese billionaire Bao Fan goes missing, the latest in a string of high-profile disappearances

The well-known deal-maker's disappearance is the latest in a series of cases of high-profile Chinese executives going missing with little explanation.

ABC News

Leading Chinese banker missing amid crackdown

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.

Irish Independent

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The Independent UK

China top tech dealmaker goes missing amid graft crackdown

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

Fortune

One of China’s top investment banks has a big problem: It can’t find its CEO

China Renaissance said it was "unable to contact" its CEO Bao Fan, sending shares plunging in Friday morning trading.

Al Jazeera

China’s top tech dealmaker Bao Fan goes missing

The billionaire investment banker is unreachable, according to the investment bank he founded.

Benzinga

Wego's Dialysis Business Seeks Hong Kong IPO in MedTech Boom

Key Takeaways: Weigao Blood Purification filed for a Hong Kong IPO soon after bringing in well-known institutional investors The company is a domestic leader in China’s blood purification industry across a range of products, including blood filters and dialysis tubing By Molly Wen

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Bloomberg

China's Gen Z Has the Power to Make or Break Western Brands

Young, nationalistic shoppers are derailing big bets on China

Benzinga

Crackdown on U.S.-listed Chinese Stocks Ruins Party for China Renaissance, CICC

Key takeaways: • China Renaissance’s revenue fell by a third in the second half of last year from the first half as the number of U.S. IPOs it handled dropped to one from nine

Benzinga

Here's Why This Analyst Sees Sharp Upside In XPeng, NIO, Li Auto

China Renaissance analyst Yiming Wang initiated coverage on XPeng Inc (NYSE:XPEV), NIO Inc (NYSE:NIO), and Li Auto Inc (NASDAQ:LI). The analyst notes that the Chinese emerging EV automakers embraced a new rapid growth stage after being undervalued in 2019 and 2020. Wang initiated XPeng with a Buy and $55.60 price target (94% upside), citing it as the sector's top…

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For March 24, 2022

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