Bao Fan (; born 18 October 1970) is a Chinese investment banker and investor, the former chairman and CEO of
China Renaissance, which he founded in 2005.
In 2015, Bao was featured on Bloomberg Markets
50 Most Influential, ranking number 22.
In February 2023, Bao was missing for 2 days, but later it was revealed that he was taken in by Chinese authorities for questioning regarding his former colleagues.
Early life and education
Bao was born in
Shanghai
Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowin ...
to parents who worked in the government. In reference to his parents' placement within the government, Bao notes they were "Nothing senior, I'm not one of the
princelings". He went to high school in the US.
He received degrees from Shanghai's
Fudan University
Fudan University () is a national public research university in Shanghai, China. Fudan is a member of the C9 League, Project 985, Project 211, and the Double First Class University identified by the Ministry of Education of China. It is als ...
and the
Norwegian School of Management
BI Norwegian Business School () is the largest business school in Norway and the second largest in all of Europe. BI has in total four campuses with the main one located in Oslo. The university has 845 employees consisting of an academic staff of ...
.
Career
Bao worked for
Morgan Stanley
Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...
,
Credit Suisse and Morgan Stanley again, in London, New York and Hong Kong. In 2000, Bao left Morgan Stanley to become chief strategic officer at the Chinese start-up AsiaInfo Holdings.
In 2005, Bao founded China Renaissance, a Chinese financial institution dedicated to China's New Economy businesses. China Renaissance Holdings Limited was listed on the Main Board of
HKEX
Hong Kong Exchanges and Clearing Limited (HKEX; , also 香港交易所 or 港交所 ) operates a range of equity, commodity, fixed income and currency markets through its wholly owned subsidiaries The Stock Exchange of Hong Kong Limited (SEH ...
in 2018.
China Renaissance started a private equity investment management business in 2013. Bao is the Founding Partner and Chief Investment Officer of China Renaissance's investment management business.
In February 2023, the BBC and other sources reported that Bao had been missing for two days and they were unsure of his whereabouts. The disappearance has caused the stock of China Renaissance to drop by 50 percent,
though the company said in a statement that Operations would "continue normally".
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.
In February 2024, Bao resigned from all of his roles at China Renaissance.
Recognition
In February 2016, China Renaissance received
FinanceAsia Achievement Awards for "Best China Deal" and "Best Private Equity Deal".
The "Best China Deal" was for its role as the financial advisor for Meituan and Dianping's "strategic cooperation".
Meituan-Dianping is China's largest group deals website, and in January 2016 it closed a $3.3 billion funding round, valuing the merged company at $18 billion. The company claims that this is China's largest ever funding round for a venture-backed Internet startup.
Personal life
Bao lives in
Beijing
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Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...
.
References
{{DEFAULTSORT:Fan, Bao
1970 births
Living people
Businesspeople from Shanghai
Chinese bankers
Enforced disappearances in China
Missing person cases in China
Prisoners and detainees of China
Chinese expatriates in the United States
Fudan University alumni
BI Norwegian Business School alumni
20th-century Chinese businesspeople
21st-century Chinese businesspeople