The disappearance of a powerful and billionaire man seems to be something difficult to solve, which gives rise to several macabre and conspiracy theories. This is what happened in the case of Bao Fan. After all, someone with that much money would be found easily… Unless one of the suspects wasn't the Chinese government, right?
Jokes aside, public opinion really believes that the State could be behind this story. In addition, actions economical can directly influence these mysterious cases. Since the government of China was bothered by the billionaire's actions.
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The agenda generated an issue around the world, as this is a practice that violates basic human rights. The person, even with so much financial power, can be held hostage to a situation.
Bao Fan was disliked by the Chinese government
Bao Fan owns fintech China Renaissance, an investment bank. He became known in the country for becoming one of the youngest to achieve so much money. At first, China's rulers revered the young man's growth, but the admiration was short-lived.
Those responsible for the tycoon's company, in the first months after the disappearance, were unable to contact Bao Fan. He was involved in one of the fronts with the Chinese government for the sector technological in the country, investing in Tencent in JD.com and it had the power of 70% of the internet companies that were doing business with the bank.
The disappearance was not noticed until the case was in the media in China. Only from the announcement did they miss Bao Fan.
stock drop
With its main name gone since January 2022, the Renaissance company dropped 29% of its shares. Local authorities deny involvement, but there are hypotheses being raised about the financial activities of Bao Fan's company.
Forbes reported that at least six billionaires disappeared in China after antagonizing the local government on suspicion of corruption, tax evasion and other contradictory conduct.
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