Well-known Chinese dealmaker Bao Fan, founder of investment bank China Renaissance Holdings Ltd , has gone missing in the latest disappearance of a top business executive in the country, unnerving investors.
* One of China's best-connected bankers, Bao was involved with major technology mergers including the tie-up of ride-hailing firms Didi and Kuaidi, food delivery giants Meituan and Dianping, and travel devices platforms Ctrip and Qunar.
* China Renaissance went public in Hong Kong in 2018 after raising $346 million. In recent years it has acted as adviser for some of China's biggest tech IPOs, including those of JD.Com Inc and Kuaishou Technology* The firm is also an active investor in the tech sector. In 2019, it raised more than 6.5 billion yuan in a yuan-denominated fund. Its investment management business has assets worth around 48.6 billion yuan by the end of last June.
* The firm is currently ranked ninth on China's equity capital markets league table for 2023, according to Refinitiv. It earned $20.6 million in Chinese related investment banking fees in 2022, down from $43.13 million a year earlier.
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