China Renaissance Holdings Limited, of which Bao is the chairman and CEO, said the company has been trying to locate him and ascertain his status since the announcement he disappeared on February 16.
"The Board would like to reiterate that the business and operations of the Group are continuing normally," a statement from the company said. "The Company will duly cooperate and assist with any lawful request from the relevant PRC authorities, if and when made."Bao is not the first business executive to go missing, in a country where they can suddenly and mysteriously disappear.
Real estate tycoon Ren Zhiqiang disappeared for several months after he allegedly spoke out against Chinese leader Xi Jinping in 2020. He was then jailed for 18 years. Anbang chairman Wu Xiaohui was reportedly detained by authorities as part of a government investigation. He too was eventually jailed for 18 years.
The company, an investment bank and private equity firm based in Beijing, added it is monitoring the situation and will release further statements "when appropriate."
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Happened to Jack Ma, founder of alibaba Lost massive chunk of wealth and is now pro ccp