this post was submitted on 02 Feb 2024
48 points (94.4% liked)

World News

38578 readers
1612 users here now

A community for discussing events around the World

Rules:

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 7 months ago

This is the best summary I could come up with:


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

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

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

Mr Bao "has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders", it added.

In late 2020, Alibaba founder Jack Ma also disappeared from public view for three months, after making comments critical of market regulators.

He had been due to publicly list his digital payments firm Ant Financial - which would have most likely made him the richest man in China.


The original article contains 291 words, the summary contains 135 words. Saved 54%. I'm a bot and I'm open source!