Bao Fan's disappearance in February last year shocked China's business and investing community.

Chinese billionaire banker Bao Fan, who has been missing for almost a year, has resigned from all roles at his firm, China Renaissance Holdings.

He stepped down “for health reasons and to spend more time on his family affairs,” the bank said in a statement.

Mr Bao’s unexplained disappearance in February last year shocked China’s business and investing community.

Just days later, China Renaissance said he was cooperating with authorities who were conducting an investigation.

In its latest filing, the company said co-founder, Xie Yi Jing, will assume Mr Bao’s most senior roles.

    • Eldritch@lemmy.worldEnglish
      910·
      9 months ago

      Marxist Leninist. You’ve been on Lemmy 8 months but not familiar with the term? Some people are lucky I guess.

      The Soviet Union, current China, North Korea, etc are all based in Marxist linenist thinking. None of them are communist. Not in any significant sense. And they are all common places for this sort of narrative. Although in Russia you tend to fall out of a high window onto bullets or exotic sometimes radioactive poisoning… Each one has their own flare they use to take out people who speak up or don’t toe the party line. In China disappearing and then mysteriously resigning etc while still being disappeared is their chosen method.