Bao Fan's disappearance in February last year shocked China's business and investing community.

Chinese billionaire banker Bao Fan, who has been missing for almost a year, has resigned from all roles at his firm, China Renaissance Holdings.

He stepped down “for health reasons and to spend more time on his family affairs,” the bank said in a statement.

Mr Bao’s unexplained disappearance in February last year shocked China’s business and investing community.

Just days later, China Renaissance said he was cooperating with authorities who were conducting an investigation.

In its latest filing, the company said co-founder, Xie Yi Jing, will assume Mr Bao’s most senior roles.

  • Semi-Hemi-Demigod@kbin.social
    71·
    10 months ago

    I hope he found a small village somewhere, and learned that a simple life caring for those around you is better than amassing tremendous wealth.

    • psycho_driver@lemmy.world
      91·
      9 months ago

      That would be a happy ending for him but I’m guessing he got Mao’s old room at the re-education center.

      • remotelove@lemmy.ca
        6·
        9 months ago

        I dunno about it being a happy ending. There have been a few documentaries on rural China and it seems like some rough living.

    • quindraco@lemm.ee
      2·
      9 months ago

      There’s a 0% chance of this happening - if the CCP is mad enough at him to take his money, they’ll also lock him up forever or execute him.