China banking tycoon Bao Fan ‘cooperating with investigation’

CHINESE billionaire Bao Fan is “cooperating in an investigation” by authorities, his company said, almost two weeks after his disappearance sparked fears of a renewed crackdown on the nation’s financial services industry. 

The China Renaissance chairman rose to fame as a key player in the emergence of some of the country’s biggest tech giants, supervising blockbuster IPOs and a landmark merger between major ride-hailing firm Didi and its top competitor at the time, Kuaidi Dache.