Missing CEO Bao Fan Is Being Investigated, 10 Days After his Disappearance

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Bao started his investment banking career in the late 1990s at Morgan Stanley and Credit Suisse and later served as an adviser to the stock exchanges in Shanghai and Shenzhen.

His team has also invested in US-listed Chinese electric vehicle makers Nio (NIO) and Li Auto and helped Chinese internet giants Baidu (BIDU) and JD.com (JD) complete their secondary listings in Hong Kong.

Bao’s disappearance also comes against the backdrop of more than two years of a severe regulatory crackdown on technology companies.

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Bao, also China Renaissance’s controlling shareholder, started the firm in 2005 as a two-person team, seeking to match capital-hungry startups with venture capitalists and private equity investors.