Bao Fan Resigns as Chairman and CEO of China Renaissance

The resignation comes a year after his disappearance amid a government anti-corruption crackdown, citing health reasons and family time.

Bao Fan, a prominent Chinese banker, has resigned from China Renaissance for health reasons and to spend more time with his family.
His resignation follows a year of unexplained absence after being reportedly detained by China's anti-corruption authorities.
China Renaissance announced a management reshuffle, with co-founder Xie Yi Jing taking over as the new chairman and CEO.
Bao's disappearance and subsequent resignation have raised concerns in China's financial markets and tech sector.
The company aims to publish its delayed financial results and resume trading of its shares on the Hong Kong stock exchange.