Banker Bao Fan, a figure in Chinese technology, regained his freedom, confirmed one of his former colleagues on Saturday, two years after his disappearance in total control of the financial sector by Beijing.
Recognized for his close ties with the great heads of Chinese technology, Bao Fan enjoyed a true star status in the financial industry. Before his disappearance, he had supervised several important OPIs, including that of the electronic commerce specialist JD.com.
Disappeared as part of a “investigation”
The 54 -year -old is also at the origin of a fusion in 2015 among the local VTC champion, Didi, and a competitor of the time, Kuaidi Dache. The Bao fan flew in February 2023, in the middle of the repression campaign that affects several personalities of the financial environment.
His signature, China Renissance, then said he could not join him, then indicated that his leader “cooperated” with the authorities as part of an investigation. His disappearance had become the symbol of a recovery in Beijing’s technology and finance sectors.
One of his former colleagues, who had been in contact with Mr. Bao’s investment bank, said on Saturday he had been released, confirming that Caixin’s media information revealed on Friday.
The Chinese partner has tried in recent months to heat its relations with the private sector, in a context of stagnant consumption and commercial and technological confrontation with Washington.
In February, the Xi Jinping manager had met several heavyweights of the private sector, including Jack Ma (Alibaba), Pony Ma (Tencent) and Lei Jun (Xiaomi). A law destined to support the private initiative had entered into force a few months later.
Source: BFM TV
