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.
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Native name | 华兴资本 |
|---|---|
| Company type | Public |
| SEHK: 1911 | |
| Industry | Financial services |
| Founded | December 2005 |
| Founder | Bao Fan |
| Headquarters | , |
| Services | Investment banking Investment management Wealth management |
| Revenue |  CN¥2.50 billion (FY2021)[1] |
| CN¥1.65 billion (FY2021)[1] | |
| Total assets | CN¥14.16 billion (FY2021)[1] |
| Total equity | CN¥7.91 billion (FY2021)[1] |
Number of employees | 731 (FY2021)[1] |
| Website | www |
| China Renaissance | |||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 华兴资本 | ||||||
| Traditional Chinese | 華興資本 | ||||||
| Literal meaning | Rising China Capital | ||||||
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Background
editIn 2010, China Renaissance launched K2VC, a venture capital firm.[2]
In 2018, China Renaissance was listed on the Main Board of Hong Kong Stock Exchange.[3]
In February 2023, the BBC and other sources reported that Bao had been missing for two days and they were unsure of his whereabouts.[4][5][6] The disappearance has caused the stock of China Renaissance to drop by 50 percent,[7] though the company said in a statement that Operations would "continue normally".[7] 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.[8]
In February 2024, Bao resigned from all of his roles at China Renaissance.[9]
The company has offices in Beijing, Shanghai, Hong Kong and New York City.[10]
References
edit- ^ a b c d e "2021 Annual Report" (PDF).
- ^ "China Renaissance K2 Ventures Raises $67.5M for Two Funds". FinSMEs. 30 November 2018. Retrieved 2 December 2024.
- ^ "China Renaissance, Dealmaker to Tech Stars, Plunges in Debut". Bloomberg.com. 27 September 2018. Retrieved 17 October 2024.
- ^ Joel Guinto; Fan Wang; Frances Mao (17 February 2023). "Bao Fan: Billionaire tech banker in China reported missing". BBC News.
- ^ "Bao Fan's disappearance sends chill through finance circles in China – Fund23". Retrieved 20 April 2023.
- ^ "Bao Fan: Billionaire tech banker in China reported missing". BBC News. 17 February 2023.
- ^ a b "China's billionaire CEO Bao Fan disappears; share stock plunges". ANI News.
- ^ "Bao Fan: Missing Chinese billionaire assisting authorities, the firm says". BBC News. Retrieved 27 February 2023.
- ^ Hoskins, Peter (2 February 2024). "Bao Fan: Missing China billionaire banker resigns from all roles". BBC News. Retrieved 3 February 2024.
- ^ "ENGLISH > ABOUT US > Contact Us_China Renaissance". Chinarenaissance.com. Archived from the original on 20 February 2016. Retrieved 2 February 2016.