Huaxing Capital founder Bao Fan reportedly reappears

According to Caixin, the founder of Huaxing Capital, Bao Fan, has recently reappeared after being taken away and detained in February this year. Huaxing Capital responded that Bao Fan will no longer participate in the daily management of the group, and his personal dynamics are considered private affairs, and the company will not respond. At present, Huaxing Capital's business is operating normally, with the executive committee responsible for strategic promotion and plans to expand its digital asset business and increase investment in areas such as Web3.