Return of Bao Fan: A Financial Star's Mysterious Detention and Release

Bao Fan, the founder of China Renaissance Holdings, has been reportedly released after more than two years of detention by Chinese authorities. He was initially detained in February 2023 and was said to be cooperating in an investigation regarding a former colleague, though details remain unclear.

Bao Fan, the influential founder of China Renaissance Holdings, has reappeared after a two-year absence, according to Chinese media outlet Caixin, citing unnamed sources. His disappearance in February 2023 sparked widespread speculation within financial circles.

Bao was reportedly cooperating with an official investigation, although specifics are unclear. China Renaissance Holdings has yet to comment on the situation to media inquiries.

Earlier reports indicated that Bao was detained to assist in inquiries concerning a former colleague. However, Chinese authorities have not disclosed any official details regarding his detention or the case at hand.

(With inputs from agencies.)