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Billionaire Bao Fan ‘cooperates’

Said to be part of an official investigation by authorities: reported missing billionaire Bao Fan.

Billionaire Bao Fan, who was reported missing about a week and a half ago, is apparently being held by Chinese authorities. His Hong Kong-based investment bank China Renaissance issued a statement to that effect on Sunday. The bank said its founder is currently part of an official investigation and would cooperate with authorities in the People’s Republic. The bank also announced its intention to cooperate “properly” with the authorities.

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