It has been announced that Bao Fan, the CEO of China Renaissance, one of the country's most important investment banks, based in Beijing, the capital of China, is missing.

While China Renaissance Holding announced to the Hong Kong Stock Exchange that it lost its connection with Bao Fan, the company started the day with a loss of about 50 percent after the company announced its shares on the stock market.

While the company did not disclose how long it had not heard from Bao, unnamed sources stated that its employees had not been able to communicate with Bao for 2 days.