China Renaissance In ‘Most Challenging Period Since Its Establishment’ Amid Founder’s Absence

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Key Takeaways:China Renaissance’s revenue fell about 7% year-on-year in the first half, while its net loss narrowed slightlyThe results highlight the company’s challenges as its founder remains absent and economic uncertainty leads to weak fundraising demand from Chinese companiesBy Warren Yang More than six months after its star founder vanished, China Renaissance Holdings Ltd. (1911.HK) is operating in emergency mode. The investment bank’s first earnings report since founder and Chairman Bao Fan disappeared in February shows how dire things are for the company as it tries to get through diff…

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