The Chinese government has denied jailing investment banker Bao Fan, days after he was reported missing..
Bao, the founder and chief executive of China Renaissance, vanished on Feb. 16, sparking concerns about a possible crackdown on the country’s financial sector..
On Monday, The Wall Street Journal reported that Bao had been detained by authorities as part of an investigation into his firm’s dealings with a state-owned enterprise..
However, a spokesperson for China’s Ministry of Foreign Affairs dismissed the report on Tuesday, saying that Bao was not in custody..
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