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France 24

Business

Charles PELLEGRIN

Chinese banker 'was looking to move wealth to Singapore before disappearance'

Bao Fan China Renaissance Starbucks Covid-19 Economy Hong Kong Italy Pandemic

BUSINESS DAILY © FRANCE 24

The missing founder of China Renaissance, Bao Fan, was looking to start a fund for his personal fortune, according to the Financial Times. Bao is one of the country's biggest financiers in the tech sector and could be the latest target of a crackdown on the industry. Also in the show, Hong Kong presents a new budget to help the territory's battered economy recover from the Covid-19 pandemic. And Starbucks's next big bet is to launch olive oil-infused coffee... in Italy.

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