Yim Fung Explained

Yim Fung
Birth Name:Yim Fung
Disappeared Place:China
Disappeared Status:Returned
Other Names:Yan Feng[1]
Employer:Guotai Junan Securities

Yim Fung was the joint chairman and chief executive of Guotai Junan International Holdings Limited, a subsidiary of Guotai Junan Securities, one of the largest securities brokers in China.[2] [3]

Disappearance

On November 18, 2015, it was reported that Fung had disappeared.[4] [5] Guotai Junan International's shares had fallen as much as 17% when it first announced about Yim's disappearance and it had appointed a temporary replacement.[6]

Return

Guotai Junan International issued a statement saying Yim had returned after assisting in certain investigations and "neither Yim nor the company were the subject of the investigation".[7] Yim had resumed his duties thereafter.[8] The mysterious nature of Yim's disappearance coincided with a period when the government was focusing on the financial sector in its anti-corruption crackdown.[9]

See also

Notes and References

  1. Web site: Guotai Junan shares surge after missing chairman Yim Fung returns. 23 December 2015 . South China Morning Post. 7 August 2017.
  2. Web site: Guotai Junan International says unable to reach CEO and Chairman Yim Fung. 23 November 2015. CNBC. 7 August 2017.
  3. Web site: Hong Kong brokerage chairman missing. 23 November 2015. BBC. 7 August 2017.
  4. Web site: Chairman at Chinese broker goes missing. https://ghostarchive.org/archive/20220507/https://www.independent.co.uk/news/business/news/yim-fung-chairman-at-chinese-broker-guotai-junan-securities-goes-missing-a6746116.html . 2022-05-07 . subscription . live. 23 November 2015. Independent. 7 August 2017.
  5. Web site: Boss of major Chinese brokerage goes missing. 23 November 2015. Evening Standard. 7 August 2017.
  6. Web site: Shares in Guotai Junan International slump as chief Yim Fung goes missing. 23 November 2015. Economic Times. 7 August 2017.
  7. Web site: Hong Kong firm says missing chairman Yim Fung back at work. 23 December 2015. BBC. 7 August 2017.
  8. Web site: Guotai Junan International's Yim Returns After Assisting With Probe. . 22 December 2015 . Forbes . 7 August 2017.
  9. Web site: The mystery behind China's 'missing' bosses. 11 December 2015. BBC. 7 August 2017.

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