China’s Disappearing CEOs and the Flaw of ‘State Capitalism’

China’s Disappearing CEOs and the Flaw of ‘State Capitalism’

Imagine you are working as an investment banker in one of China’s most famous companies. Everything is going well — a high-paying job, good social status, and finally, you’re making money from the math you learned in university. Then, suddenly, your CEO disappears! This is what happened in China.  Bao Fan, a Chinese billionaire and chief executive of China Renaissance Holdings, went missing in February 2023. A year later, news came out that he h…