Posted 2/2/2024, 8:08:00 AM
China Renaissance founder Bao Fan resigns citing health, family after disappearance amid corruption probe
- Bao Fan, founder and CEO of China Renaissance, has resigned after disappearing last year amid a corruption probe
- Bao cited "health reasons" and wanting to spend more time with family as reasons for stepping down
- His resignation was announced by China Renaissance in a filing to the Hong Kong stock exchange
- Bao's disappearance coincided with an anti-corruption crackdown in China's financial sector
- Xie Yi Jing, China Renaissance co-founder, is replacing Bao as chairman and has been made permanent CEO