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China Renaissance

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China Renaissance
Native name
华兴资本
Company typePublic
SEHK1911
IndustryFinancial services
FoundedDecember 2005; 18 years ago (2005-12)
FounderBao Fan
Headquarters,
ServicesInvestment banking
Investment management
Wealth management
RevenueIncrease CN¥2.50 billion (FY2021)[1]
Increase CN¥1.65 billion (FY2021)[1]
Total assetsIncrease CN¥14.16 billion (FY2021)[1]
Total equityIncrease CN¥7.91 billion (FY2021)[1]
Number of employees
Increase 731 (FY2021)[1]
Websitewww.chinarenaissance.com
China Renaissance
Simplified Chinese华兴资本
Traditional Chinese資本
Literal meaningRising China Capital
Transcriptions
Standard Mandarin
Hanyu PinyinHuá Xìng zīběn

China Renaissance is a Chinese financial services company. Founded by Bao Fan in 2005 as a financial advisory firm, China Renaissance’s core business now consists of investment banking, investment management and wealth management.

Background

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In 2018, China Renaissance was listed on the Main Board of Hong Kong Stock Exchange.[2]

In February 2023, the BBC and other sources reported that Bao had been missing for two days and they were unsure of his whereabouts.[3][4][5] The disappearance has caused the stock of China Renaissance to drop by 50 percent,[6] though the company said in a statement that Operations would "continue normally".[6] Later, the company announced that Bao was taken by the Chinese authorities as a part of an investigation targeting Bao's former colleague and the company's former president, Cong Lin.[7]

In February 2024, Bao resigned from all of his roles at China Renaissance.[8]

The company has offices in Beijing, Shanghai, Hong Kong and New York.[9]

References

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  1. ^ a b c d e "2021 Annual Report" (PDF).
  2. ^ "China Renaissance, Dealmaker to Tech Stars, Plunges in Debut". Bloomberg.com. 27 September 2018. Retrieved 17 October 2024.
  3. ^ Joel Guinto; Fan Wang; Frances Mao (17 February 2023). "Bao Fan: Billionaire tech banker in China reported missing". BBC News.
  4. ^ "Bao Fan's disappearance sends chill through finance circles in China – Fund23". Retrieved 20 April 2023.
  5. ^ "Bao Fan: Billionaire tech banker in China reported missing". BBC News. 17 February 2023.
  6. ^ a b "China's billionaire CEO Bao Fan disappears; share stock plunges". ANI News.
  7. ^ "Bao Fan: Missing Chinese billionaire assisting authorities, the firm says". BBC News. Retrieved 27 February 2023.
  8. ^ Hoskins, Peter (2 February 2024). "Bao Fan: Missing China billionaire banker resigns from all roles". BBC News. Retrieved 3 February 2024.
  9. ^ "ENGLISH > ABOUT US > Contact Us_China Renaissance". Chinarenaissance.com. Archived from the original on 20 February 2016. Retrieved 2 February 2016.
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