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Reuters
Reuters
Business

Chinese bank says missing chairman is cooperating with Chinese authorities in an investigation

Bao Fan China Renaissance China
FILE PHOTO: Fan Bao, founder and CEO of China Renaissance, speaks at the WSJD Live conference in Laguna Beach, California October 25, 2016. REUTERS/Mike Blake/File Photo

China Renaissance Holdings said on Sunday that its missing chairman and star dealmaker Bao Fan was currently cooperating with relevant Chinese authorities conducting an investigation.

The mainland China-based boutique bank has made several statements about the disappearance of its founder. Shares of the company slumped last week after it said in an exchange filing the company had been unable to contact Bao.

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