Bao Fan, star dealmaker and founder of boutique investment bank China Renaissance Holdings, has been released more than two years after being detained by Chinese authorities, the Reuters news agency has reported, citing a person with knowledge of the matter.

Bao, widely regarded as one of China’s best-connected bankers, was released from detention earlier this week, the person said on Friday, declining to be identified because the information was not public.

China Renaissance sent shockwaves through the country’s financial sector in 2023 when it announced it was unable to contact Bao , who founded the bank in 2005 with two other men and still owns nearly 49 percent of the company’s issued shares.

He was one of the several high-profile executives in China, mostly from the finance indus

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