This article only represents the author's own views.
After nearly a year of uncertainty, local investment bank China Renaissance Holdings Ltd. (1911.HK) finally seems set to move on to the next chapter of its unsettled story with its naming of a new chairman and CEO. That means the stock could finally resume trading after a nearly one-year pause, though it’s likely to undergo a major downward adjustment when that finally happens.
The company’s new chapter is seeing co-founder Xie Yijing take over as its chairman and CEO, according to an announcement to the Hong Kong Stock Exchange last Friday. Xie had been the company’s acting CEO after Renaissance’s high-profile co-founder, Chairman and CEO Bao Fan went missing last year, apparently to assist in an anti-corruption investigation.