Missing Another Chinese Billionaire Goes Missing: Tech Banker Bao Fan Mysteriously Vanishes

[Turd Fergusen]

One of China’s most high-profile bankers, billionaire investor Bao Fan, has gone missing — marking the latest disappearance of a top executive in the tightly controlled country.

China Renaissance Holdings said in a market update Thursday that it has been “unable to contact” its chairman and CEO in recent days.

His disappearance is the latest in a series of cases of prominent Chinese executives going missing with little explanation amid President Xi Jinping’s sweeping anti-corruption campaign.

Shares of the Beijing-based China Renaissance Holdings plunged by as much as 50% in early trading Friday on the news of Bao’s mysterious disappearance, wiping off $357 million in market value. They were down about 28% in the afternoon.

Full Article

Chinese billionaire tech banker Bao Fan mysteriously vanishes

Billionaire Bao Fan, founder of China Renaissance Bank and one of the country’s biggest dealmakers, has been missing for several days.

nypost.com

 

[Metalfan]

So I guess the Shit hit the Fan!

 

[Freyja]

If billionaires are "disappearing" what does this mean for the rest of us? They are probably hiding in deep underground bunkers for some reason we don't yet know and probably won't until it's too late.

 

[Metalfan]

If billionaires are "disappearing" what does this mean for the rest of us? They are probably hiding in deep underground bunkers for some reason we don't yet know and probably won't until it's too late.

Or just them not complying with the rest of the pack,which Is almost always certain death!

 

[Crazy Cat Lady]

Maybe the missing billionaires are trying to escape in balloons lol.

 

[Bipedalprimate]

If billionaires are "disappearing" what does this mean for the rest of us? They are probably hiding in deep underground bunkers for some reason we don't yet know and probably won't until it's too late.

what would it matter either way?

 

[Blunderbuss Firozabad]

Older photo of Bao Fan.
His company announced he's still cooperating with authorities, but no proof of life was offered.


"Founder and chairman Bao Fan is still cooperating in the investigation by Chinese authorities, China Renaissance says in an exchange filing, an unspecified investigation launched by mainland Chinese authorities, according to the company."

"The CCDI is the top anti-graft body of the ruling Communist Party and is responsible for investigating corruption."

" The probe is the latest in a series of high-profile Chinese executives going missing with little explanation during a sweeping anti-corruption campaign spearheaded by President Xi Jinping."


Jinping is just showing him who's boss, that's all.
Considering he's made himself president for life, everyone needs to be on board for the long run.

Xi Jinping Thought - Wikipedia

en.wikipedia.org

China Renaissance says detained chairman cooperating with authorities in probe

China Renaissance Holdings said on Wednesday that investigations against its chairman Bao Fan by certain authorities were being carried out with his cooperation.

www.reuters.com

 

[Bipedalprimate]

If billionaires are "disappearing" what does this mean for the rest of us? They are probably hiding in deep underground bunkers for some reason we don't yet know and probably won't until it's too late.

that sound like some ol qanon bs but okay