Chinese billionaire tech banker Bao Fan goes missing

One of China’s most high-profile bankers, billionaire investor Bao Fan, has gone missing — marking the latest disappearance of a top executive in the tightly-controlled country.

China Renaissance Holdings said in a market update Thursday that it has been “unable to contact” its chairman and CEO in recent days.

His disappearance is the latest in a series of cases of prominent Chinese executives going missing with little explanation amid President Xi Jinping’s sweeping anti-corruption campaign.

Shares of the Beijing-based China Renaissance Holdings plunged by as much as 50% in early trading Friday on the news of Bao’s mysterious disappearance, wiping off $357 million in market value. They were down about 28% in the afternoon.