Hints and tips:
...The investment banking division faces the largest cuts after its head Wang Lixing warned employees earlier this week that he was drawing up a list to “cut the fat”, one person said....
...Wang did not mention Bao by name but told employees that management had been in touch with the “backbone of our investment banking division”....
...Additional reporting by Wang Xueqiao in Shanghai...
...Wang’s travel freeze follows the months-long disappearance of tech sector dealmaker Bao, founder of investment group China Renaissance, and of Cong Lin, another of its former senior executives....
...He has been banned from leaving mainland China, a move connected to the investigation into tech dealmaker Bao Fan, said people familiar with the matter....
...Wang represented China at the Asean meeting in Jakarta last week, meeting Blinken on the sidelines....
...The circumstances behind the ban remain murky, though it may be connected to a long-running probe into China’s top tech sector dealmaker Bao Fan, who disappeared in February....
...Recent headlines on the disappearance of China’s capable tech dealmaker Bao Fan and a raid on the Beijing offices of Mintz Group offer no comfort....
...Charles Wang Zhonghe is chair of investment banking for China at the Hong Kong arm of Japanese bank Nomura International. Read more on the ban and the reaction to it. 2....
...dealmaker Bao Fan....
...Additional reporting by Wang Xueqiao in Shanghai and Andy Lin in Hong Kong...
...Russia’s Kommersant newspaper reported earlier today that Wang Yi had arrived in the Russian capital....
...China’s top tech dealmaker goes missing Bao Fan, the founder of China’s leading investment bank, has disappeared....
...China’s top diplomat meets Putin’s security chief in Moscow Wang Yi and Nikolai Patrushev agreed to oppose all forms of “unilateral bullying” after meeting in Moscow, according to China’s state-run news...
...“Beijing is growing more anxious to see companies perform,” said Linghao Bao, an analyst at Trivium China. “There’s no tolerance for corruption here.”...
...“Foreign companies are not guests, but family,” declared commerce minister Wang Wentao at the same conference....
...Dan Wang, a Shanghai-based technology analyst at Gavekal Dragonomics, a research firm, said semiconductors remained “one of the central fronts” in US-China competition and that the US had given “little indication...
...Bao helps preserve the vitality of delicate ingredients such as kidneys and has at least seven distinct variations....
...“Efforts should be made to prevent and lower financial risks . . . security always ranks first,” Mr Wang said....
...Local venture capital firms that raise money and invest in renminbi have been hit hardest, said William Bao Bean, a partner at SOSV Investments in Shanghai....
...She was released after being detained for several hours, according to a tweet from her husband, Bao Longjun....
...The comments from Wang Dengfeng, general manager of Tianhong’s fixed-income department, to the WSJ in that regard are telling....
...Rachel Wang, director of manager research in China for Morningstar, which ranks Yu’e Bao as the seventh biggest fund overall, added that it is subject to credit and liquidity risk....
...The company is well placed to access a wide range of retail investors, given the rapid growth of its online money market fund, Yu’e Bao, which translates as leftover treasure....
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