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Top related persons:
Bao - 1 Bobby Yip - 1 Bao Fan - 1 Xi Jinping - 1 Xie Yi Jing - 1 Wang Lixing - 1 Roushni Nair - 1 Arun Koyyur - 1
Top related locs:
Hong Kong China Bengaluru
Top related orgs:
China Renaissance Group - 1 REUTERS - 1 China Renaissance Holdings - 1 HK - 1 Economic Observer - 1 Thomson - 1

Search resuls for: "Wang Lixing"


2 mentions found


☆ China Renaissance says detained chairman cooperating with authorities in probe
  + stars: | 2023-08-09 | by ( ) www.reuters.com   time to read: +1 min
Fan Bao, founder, Chairman and CEO of China Renaissance Group, an investment bank led by one of the country’s most famed rainmakers, holds a news conference on its IPO in Hong Kong, China September 13, 2018. REUTERS/Bobby Yip/File PhotoAug 9 (Reuters) - China Renaissance Holdings (1911.HK) said on Wednesday that investigations against its chairman Bao Fan by certain authorities were being carried out with his cooperation. The probe is the latest in a series of high-profile Chinese executives going missing with little explanation during a sweeping anti-corruption campaign spearheaded by President Xi Jinping. The disappearance of Bao in February saw shares of the investment bank plunge as much as 50% and led the bank to suspend trading in the stock from April. China Renaissance also said it would delay its audited annual results.
Persons: Bao, Bobby Yip, Bao Fan, Xi Jinping, Xie Yi Jing, Wang Lixing, Roushni Nair, Arun Koyyur Organizations: China Renaissance Group, REUTERS, China Renaissance Holdings, HK, Economic Observer, Thomson Locations: Hong Kong, China, Bengaluru
☆ Chinese bank seeks to reassure over missing star dealmaker
  + stars: | 2023-02-21 | by ( Julie Zhu Xie Yu | Julie Zhu | Xie Yu | ) www.reuters.com   time to read: +5 min
Though the reasons for Bao's disappearance are unclear, his case follows a series of incidents in which high-profile executives in China have gone missing with little explanation during a sweeping anti-corruption campaign spearheaded by President Xi Jinping. China Renaissance said on Thursday in a stock exchange filing that it had no information that Bao's "unavailability" was related to its business, and that its operations were continuing normally. A spokesperson for Beijing-based China Renaissance declined to comment on specific details and referred Reuters to its exchange filing made on Thursday. "What happened to China Renaissance highlighted the key man risk with some Chinese companies," Li Nan, professor of Finance at Shanghai Jiaotong University, said. key man risk generally refers to the threat posed to a company from over-reliance on a limited number of personnel for decision making.
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