Banking tycoon Bao Fan steps down as head of China Renaissance

Beijing (AFP) Feb 2, 2024

Billionaire financier Bao Fan has stepped down as head of investment bank China Renaissance, the company said Friday, almost a year after he was revealed to be cooperating in an investigation by authorities. Bao rose to fame as a key player in the emergence of some of the country's biggest tech giants, supervising blockbuster IPOs and the landmark 2015 merger between ride-hailing giant Didi