Famed Chinese rainmaker goes missing in latest executive disappearance Read more at straitstimes.com.
HONG KONG - Chinese dealmaker Bao Fan, founder of investment bank China Renaissance Holdings, has gone missing in the latest disappearance of a top business executive, unnerving investors and sending its stock down as much as 50 per cent on Friday.had been unable to contact Mr Bao.
The disappearance, coming after China’s post-pandemic border reopening, has renewed focus on boosting the sagging economy has brightened the outlook for deals, as has an easing of a regulatory crackdown on technology firms. Mr Bao who previously worked at Credit Suisse Group AG and Morgan Stanley, has been hailed as one of China’s best-connected bankers.
Investors’ worst nightmare is that a company’s ability to continue operation is impaired, so a stock sell-off is not surprising given the uncertainty, Mr Wong added. The firm earned $20.6 million in Chinese related investment banking fees in 2022, down from $43.13 million a year earlier, the data showed.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singaporeans among Chinese-speaking computer users who downloaded malicious software: IT security firmSINGAPORE - Singaporeans are among Chinese-speaking computer users in South-east Asia and East Asia who downloaded malicious software that give hackers control over their computers, an IT security firm has found. Read more at straitstimes.com.
Read more »
Taiwan finds crashed weather balloon on remote island, likely ChineseThe remnants of a balloon was found on a shooting range. Read more at straitstimes.com.
Read more »
Albemarle expects 40% Chinese EV market growth to drive lithium demandLithium giant Albemarle Corp expects China's electric vehicle (EV) market to grow 40 per cent this year, or at least by 3 million vehicles, boosting demand for the battery metal in the world's largest auto market.China's government has been phasing out subsidies for EVs, but Albemarle said so far those st
Read more »
Saudi's PIF-owned unit buys $265 million stake in Chinese gaming company VSPOChinese esports company VSPO, backed by Tencent Holdings Ltd, said on Thursday Saudi Arabia's sovereign wealth fund has bought a stake worth $265 million in the company, as the kingdom continues its push in the gaming market.Saudi's Public Investment Fund will take a stake in VSPO through gaming unit Savv
Read more »
Taiwan finds crashed weather balloon on remote island, likely ChineseTAIPEI: Taiwan's military said on Thursday (Feb 16) it had found the remains of a probable crashed weather balloon likely from China on a remote and strategically located island near the Chinese coast, amid a
Read more »
Taiwan finds crashed weather balloon on remote island, likely ChineseTAIPEI — Taiwan's military said on Thursday (Feb 16) it had found the remains of a probable crashed weather balloon likely from China on a remote and strategically located island near the Chinese coast, amid a dispute between China and the US over spy balloons. Taiwan, claimed by China as its own territory, has complained of increased harassment by Beijing's...
Read more »