China Financial Enterprise Huaxing Capital Monday (October 2) announced that the group executive director and co -founder Xie Yizhen will act as a chief executive officer of Bao Fan.Bao Fan is still under investigation by relevant Chinese departments.

According to the China Securities Times, Huaxing Capital Holdings issued an announcement on Monday night on Monday night, announcing that Xie Yizhen was appointed as the company agent CEO, which came into effect from October 2, 2023.

Huaxing Capital said that since February 2023, Xie Yizheng has played a leading role in the company's executive committee and is responsible for the group's daily management and operation.The board of directors believes that Xie Yizhen will optimize the executive committee's decision -making process and improve the efficiency of the group's business operations as the company's agent CEO.

Public information shows that 53 -year -old Xie Yizhen is the founder, executive director, managing director of Huaxing Group, co -headed person in charge of the investment banking division, and the head of the medical and life science and technology division.Xie Yizhen is currently the chairman of the company's environment, social and governance committee, members of the executive committee, and several subsidiaries of the company.

Huaxing Capital Holdings confirmed that the company's founder Bao Fan was "lost" in February this year.In many announcements since then, Huaxing said that Bao Fan continued to cooperate with relevant Chinese departments to investigate.

During the investigation, the Executive Committee has been responsible for maintaining the daily operation of the group. The two important characters are Xie Yizhen and Wang Lixing, the executive directors.The announcement of foreign officials means that Xie Yizhen will formally preside over the whole work.

The Wall Street Journal reported earlier that Bao Fan was taken away to assist in a corruption investigation involving former Huaxing Capital President's jungle.The jungle was a subsidiary of a subsidiary of China's largest state -owned bank.