China Renaissance suspends trading as chairman’s disappearance sparks regulatory fears

Investment bank China Renaissance has suspended trading in its shares due to the disappearance of its chairman, Bao Fan, who is reportedly cooperating in an official investigation, raising concerns over a renewed regulatory crackdown on China’s finance sector.

China banking tycoon Bao Fan ‘cooperating with investigation’

BEIJING, CHINA — Chinese billionaire Bao Fan is “cooperating in an investigation”…