, went missing in February and was later revealed to be"cooperating" in an official investigation - sparking fears of a renewed crackdown on China's finance sector.
"At the request of the Company, trading in the shares of the Company on the Stock Exchange will be suspended with effect from 9am on Monday, Apr 3, 2023, pending the publication of the 2022 Annual Results," the bank said in a stock exchange filing. According to financial news outlet Caixin, China Renaissance president Cong Lin was taken into custody last September as authorities launched a probe into his work at the financial leasing unit of state-owned bank ICBC.China Renaissance has become a global financial institution since its founding in 2005, with more than 700 employees and offices in Beijing, Shanghai, Hong Kong, Singapore and New York.