After 13 years of mission and seven successive leaders, the UN at an impasse in Libya
Germany: search of AfD headquarters in Lower Saxony, amid accusations of embezzlement
Faced with Iran, Israel plays appeasement and continues its shadow war
Iran-Israel conflict: what we know about the events of the night after the explosions in Isfahan
Sánchez condemns Iran's attack on Israel and calls for "containment" to avoid an escalation
China's GDP grows 5.3% in the first quarter, more than expected
Alert on the return of whooping cough, a dangerous respiratory infection for babies
Can relaxation, sophrology and meditation help with insomnia?
Vacation departures and returns: with the first crossovers, heavy traffic is expected this weekend
“Têtu”, “Ideat”, “The Good Life”… The magazines of the I/O Media group resold to several buyers
The A13 motorway closed in both directions for an “indefinite period” between Paris and Normandy
The commitment to reduce taxes of 2 billion euros for households “will be kept”, assures Gabriel Attal
The exclusive Vespa that pays tribute to 140 years of Piaggio
Kingdom of the great maxi scooters: few and Kymco wants the crown of the Yamaha TMax
A complaint filed against Kanye West, accused of hitting an individual who had just attacked his wife
In Béarn, a call for donations to renovate the house of Henri IV's mother
Skoda Kodiaq 2024: a 'beast' plug-in hybrid SUV
Tesla launches a new Model Y with 600 km of autonomy at a "more accessible price"
The 10 best-selling cars in March 2024 in Spain: sales fall due to Easter
A private jet company buys more than 100 flying cars
This is how housing prices have changed in Spain in the last decade
The home mortgage firm drops 10% in January and interest soars to 3.46%
The jewel of the Rocío de Nagüeles urbanization: a dream villa in Marbella
Rental prices grow by 7.3% in February: where does it go up and where does it go down?
With the promise of a “real burst of authority”, Gabriel Attal provokes the ire of the opposition
Europeans: the schedule of debates to follow between now and June 9
Europeans: “In France, there is a left and there is a right,” assures Bellamy
During the night of the economy, the right points out the budgetary flaws of the macronie
These French cities that will boycott the World Cup in Qatar
Women's C1: at what time and on which channel to watch the OL-PSG semi-final first leg
Tennis: after two victories this Friday, Grégoire Barrère qualifies for the semi-finals of the Bucharest tournament
Cycling: Mathieu Van der Poel “recharged the batteries” for Liège-Bastogne-Liège
Mercato: Zidane at Bayern? We'll talk about it again, but...
Chinese billionaire investment bank boss Bao Fan has disappeared. His company China Renaissance Holding reported in a message to the Hong Kong Stock Exchange that it could no longer contact him. The bank did not provide any further information about the disappearance of the influential businessman. After the release of the statement, the bank's share price fell by up to 30 percent.
His family had been informed that the 53-year-old was involved in investigations, the finance agency Bloomberg reported. Bao Fan is the majority owner and chairman of China Renaissance Holding. The company said it was not aware of any information suggesting his absence was linked to the group's business, which is continuing as normal.
Business news website Caixin reported Thursday evening that Bao has been unavailable for two days. China Renaissance did not initially respond to inquiries about his whereabouts. Bao has helped launch a number of internet startups in China with his bank, including leading e-commerce firm JD.com.
Renaissance President Cong Lin was arrested in September. He was under investigation in connection with his previous work for the finance leasing arm of the state-owned Industrial and Commercial Bank (ICBC), Chinese business magazine Caixin reported. Both would have been close.
Under Cong Lin's leadership, ICBC Financial Leasing made a $200 million loan to Renaissance in 2017, which the company repaid a year later after its IPO, Caixin reported. The billionaire brought Cong Lin to Renaissance in July 2020 and made him president there. Bao Fan, a former banker at Morgan Stanley and Credit Suisse Group, is considered one of China's most prolific dealmakers.
In recent years, investors in the People's Republic have repeatedly been targeted by the authorities. In 2017, Chinese-Canadian businessman Xiao Jianhua was arrested. He was sentenced to 13 years in prison in August 2022 for corruption. Xiao was reportedly arrested in Hong Kong by plainclothes Beijing police officers. With an estimated fortune of around six billion dollars (5.6 billion euros), he was one of the richest people in China at the time.
