It is not an unprecedented model in China. A business man anyone banker You stop seeing each other in the office and answering calls for no apparent reason, and days later the company or bank issues an aseptic statement confirming your case. lost. The last disappearance is not just anyone. bao fanfounder Chinese RebirthIt is the architect of major mergers and acquisitions that shape technological landscape National.
His company, as in other cases, did not let the rumor mill grow and was quick to expose its absence. He does not disclose how long he has not fulfilled his obligations, but China’s leading economic media ‘Caixin’ talks about two days. The blow was huge. actions investment bank they crashed in the middle of the day and eventually lost 29%.
corporate communication sent to The Hong Kong stock market created the tsunami. “The Board is unaware of any information that indicates that Mr. Bao’s unavailability is, or may be, related to the group’s business or operations, which, however, continues as normal.” opened, says the American media ‘Bloomberg’, citing close sources.
Second blow to the company
is he second hit damage to the company. Her Chairman Cong Lihe was arrested in September, apparently due to his previous administration. ICBC state bank. His legal or personal status is unknown, but it does not add to the optimism. chinese renaissance You have removed your name from the website.
beamrelated to 47 yearsis one of the country’s brightest bankers. After completing his university education, he entered Hong Kong offices. Morgan Stanley. Interest soon followed from state-owned companies with as thick skin as they were inactive, technology sector yawning and already pampered by Beijing for relaxation produces cheap at the center of the economy.
In the following years, he met pioneers. Jack Ma, founder related to Ali Dad, pony mom, related to TencentAnd RobinLi, related to Baidu. From chinese renaissanceFounded in 2005, it has signed some of the largest and most complex deals in China in recent years. The private transportation industry has experienced a revolution with the merger of Didi and Kuaidi, giants similar to western Uber, as food delivery benefits from the alliance between Meituan and Dianping.
Her talent for align different interests and dealing with multimillion-dollar operations made Bao great guru between technology sector. Five years ago, he announced that his company had ties to 70% of the best-known companies. His calculation does not seem exaggerated. It has also invested in famous start-ups such as the electric vehicle manufacturer NIO.
six missing
The newspaper library discovers at least half a dozen great men from the private sector. lost. In some cases it was days, in others it was months. Some survived a scare quite well, others received long prison sentences. The supremacy of the state over the private sector has always been emphasized, which contradicts what is happening in the West.
HE Chinese-Canadian businessman Xiao Jianhua, who tops the wealth list, was arrested in a hotel room in Hong Kong and brought before an internal court. He was sentenced to thirteen years in prison for corruption last August. fossHE Chinese investor giantIn 2015 he announced the “disappearance” of his founder, guangchangKnown as the Chinese Warren Buffett for his sense of smell and investing muscle. HE real estate magnate Ren Zhiqiang It disappeared for months in 2020. He just accused President Xi Jinping of his zero covid policy and was sentenced to 18 years in prison for corruption. J is not even savedack Ma, media founder of Alibaba and national fame disappeared from the public eye for three months after criticizing the entrenched state banking system.