China Renaissance chairman's detention extended by 3 months - report


Reuters | Beijing | Updated: 31-05-2023 17:44 IST | Created: 31-05-2023 17:06 IST
China Renaissance chairman's detention extended by 3 months - report
Bao Fan, founder of the China Renaissance Holdings (Image Credit: Reuters) Image Credit: ANI
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  • China

The detention of Bao Fan, chairman of investment bank China Renaissance Holdings , has been extended for another three months beginning May 7, Chinese financial publication Economic Observer reported on Wednesday, citing sources.

Late in February, the bank said in an exchange filing that Bao, its star dealmaker, was co-operating with authorities in their investigation.

China Renaissance did not immediately respond to a Reuters request for comment.

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