A person familiar with the matter revealed that the restriction period of Bao Fan, a well -known investor in suspected units, was extended for three months.
Economic Observation Network on Wednesday (May 31) quoted people familiar with the matter that Chinese supervision agencies have extended three months from May 7, 2023.
Bao Fan is the chairman, executive director, CEO and controlling shareholder of Huaxing Capital Holdings Co., Ltd..
People familiar with the matter said that on February 7, 2023, Bao Fan was taken away by the Discipline Inspection Supervisor's personnel and was kept on the investigation. The specific case handling institutions include the CPC Central Discipline Inspection Commission International Cooperation Bureau, Beijing Discipline Inspection Commission and other departments.He was suspected of bribery in the unit.The jungle associated with Bao Fan's case was also notified to continue to extend the retention after six months of the retention period.
The Jungle was once the President of Industrial Bank Financial Leasing Co., Ltd. (hereinafter referred to as ICBC) and the director of the ICBC International Holdings Co., Ltd. (hereinafter referred to as ICBC International)Long -term position, the post of the jungle reincarnation Bao Fan, Ren Huaxing Securities Co., Ltd. (hereinafter referred to as Huaxing Securities) chairman and other positions.
A reporter from Economic Observation Network issued a letter to Huaxing Capital Company on Tuesday (30th). By 3 pm on Wednesday, no reply was received.
Public information shows that Bao Fan, who is 53 years old this year, graduated from Fudan University and is currently a resident of Hong Kong.He has served well -known American financial institutions such as Morgan Stanley and Credit Suisse, and has many years of work experience in Wall Street Investment Bank.In 2000, Bao Fan joined Yaxin Group Co., Ltd. as chief strategic officer.
In 2005, Bao Fan created Huaxing Capital Group.According to the official website of Huaxing Capital, the company's business field covers "investment management, private equity financing, mergers and acquisitions, securities issuance and underwriting, securities research and transaction, wealth management", etc., and so on.In the office, there are more than 700 employees.
Since its establishment, Huaxing Capital has participated in the merger of Didi and Fast, the merger of Meituan and the public comments, the merger of the 58 -city city and the Ganji.com, and invested in Jingdong, ideal car, Weilai Automobile, medicine, medicine, medicineEnterprises such as Ming Kang and Bubble Mart have become one of the most well -known investment banks in mainland China, and Bao Fan also attracted much attention from the industry.
