On Breakingviews: A Chinese bank boss has went missing, prompting his firm to reassure investors. Unless he resurfaces, financiers waiting for new deals to offset Beijing’s common-prosperity and anti-corruption push may startle, say ywchen1 and ugalani
, also have to grapple with President Xi Jinping’s common-prosperity campaign, making it unclear whether these firms’ erstwhile generosity will resume when advisory activity picks up. Tech stocks were starting to rally but this new development will make domestic and foreign bankers alike more cautious on the companies they bring to market.
The bank, valued at over $700 million before its stock crashed, said it was not aware of any information that his disappearance is or might be related to the company, which, the filing noted, continues to operate normally.
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