Chinese Billionaire Resigns After 1 Year of Mysterious Disappearance

Chinese billionaire Bao Fan resigns from all positions at China Renaissance Holdings after being missing for a year

In a shocking turn of events, Chinese billionaire Bao Fan has announced his resignation from all positions at China Renaissance Holdings after being missing for a year. The investment bank China Renaissance made the announcement on February 16, 2022, stating that there had been no news from their founder Bao Fan for the past year.

In a statement released by the bank, it was explained that Bao Fan cited “health problems and wanting to spend more time with his family” as the reason for his resignation. The bank also mentioned that co-founder Xie Yi Jing will be taking over Bao’s top-level duties. However, there has been no update on Bao’s whereabouts so far.

Bao’s disappearance last year had sent shockwaves through the Chinese business world. Shortly after his disappearance, China Renaissance had announced that the billionaire banker was cooperating with the prosecutors and authorities who were investigating him.

The sudden resignation and mysterious disappearance of Bao Fan have left many questions unanswered, and the business community eagerly awaits any updates on this unfolding story.

 

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