The Chinese billionaire tech banker Bao Fan, who was reported missing 10 days ago, is cooperating with Chinese authorities conducting an investigation, a China-based boutique bank has said.
“The board would like to reiterate that the business and operations of the group are continuing normally,” the bank said in the exchange filing on Sunday. Bao is a major figure in China’s tech industry and has played a key role in the emergence of a string of large domestic internet startups. In 2015 alone, at least five executives became unreachable without prior notice to their companies, including Fosun Group chairman Guo Guangchang, who Fosun later said was assisting with investigations regarding a personal matter.
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