(Beijing Comprehensive News) Bao Fan, chairman of Huaxing Capital, who has been missing for more than a week, is reported to cooperate with official Chinese investigations.
According to the China New Finance and Economics report, China Financial Enterprise Huaxing Capital Sunday (February 26) released insider information saying that the company has been trying to contact and confirming Bao Fan's situation.The board of directors has been informed that Bao Fan is currently cooperating with the investigation by relevant Chinese agencies.The board of directors reiterated that the group's current business and operations have remained normal.If any relevant Chinese authorities ask the company to cooperate in accordance with the law, the company will cooperate with such investigations.
Bao Fan is the chairman, executive director, CEO and controlling shareholder of Huaxing Capital Holdings. It is a person with a light weight of the investment community.Huaxing Capital issued a statement on February 16 stating that after Bao Fan lost contact, the news caused an uproar in the industry, and all sectors speculated whether it was related to the jungle before Huaxing Capital.Caixin reported that the Chairman of Huaxing Securities was taken away by the relevant departments last September last year.
Bao Fan lost contact, which occurred in the background of China's recent continued anti -corruption in the financial field.In the past month, many financial institutions in China have experienced personnel changes, including four deputy ministerial financial executives.
The website of the Central Committee of the Communist Party of China The website of the Discipline Inspection Commission of the Communist Party of China published an article entitled to resolutely win the long -term battle of anti -corruption struggle for the fight against corruption. The article mentioned "finance" 16 times.The article mentioned that "resolutely cut off the link between power and capital, and formed a powerful deterrent to punishing corruption in the field of finance and central enterprises."
