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Top related persons:
Bao Fan - 1 Bao - 1 Mr Bao - 1 Zhonghui - 1 Deloitte Touche Tohmatsu - 1
Top related locs:
China Hong Kong Beijing Dianping Bao Zhonghui Anda
Top related orgs:
Hong Kong CNN - 1 Economic Observer - 1 Central Commission - 1 CNN - 1 Financial Times - 1 China Renaissance - 1 Zhonghui Anda CPA - 1 Deloitte - 1

Search resuls for: "Zhonghui"


2 mentions found


☆ Bao Fan: a CEO went missing. Then his bank got a mysterious bill for $11 million
  + stars: | 2024-09-12 | by ( Juliana Liu | ) edition.cnn.com   time to read: +3 min
Hong Kong CNN —A Chinese investment bank known for making some of the biggest deals in the country’s tech sector during its heyday has revealed it received a massive bill for 78 million yuan ($11 million) related to the disappearance of its star banker, Bao Fan. The request for payment from unspecified Chinese authorities only deepens the mystery surrounding the whereabouts of Bao, who founded boutique investment bank China Renaissance in Beijing in 2005 and made it one of the top dealmakers for Chinese tech firms. He helped broker the 2015 merger between two of the country’s leading food delivery services, Meituan and Dianping. In February 2023, China Renaissance reported him missing amid a wider anti-corruption crackdown. CNN has reached out to the investment bank for additional information.
Persons: Bao Fan, Bao, Mr Bao, Zhonghui, Deloitte Touche Tohmatsu Organizations: Hong Kong CNN, Economic Observer, Central Commission, CNN, Financial Times, China Renaissance, Zhonghui Anda CPA, Deloitte Locations: China, Hong Kong, Beijing, Dianping, Bao, Zhonghui Anda
☆ Auditor exodus at embattled China property firms triggers governance concerns
  + stars: | 2022-11-01 | by ( Clare Jim | ) www.reuters.com   time to read: +4 min
HONG KONG, Nov 2 (Reuters) - Auditors of at least 14 Hong Kong-listed Chinese property firms have exited this year, securities filings showed, raising governance concerns about the debt-ridden developers several of whom are yet to publish long-pending financial results. Embattled developers including Sunac China (1918.HK), Shimao Group (0813.HK) and Kaisa Group (1638.HK) are among those whose auditors have parted ways in recent months. In many cases, firms outside the Big-Four accounting firms have been roped in as replacements. The trend, which accelerated earlier this year, has seen auditors, including the world's top auditing firms PricewaterhouseCoopers (PwC) and Deloitte, resigning from their roles. Deloitte in Hong Kong declined to comment on the reasons for ending their auditing mandates for some Chinese property developers.
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