Billionaire Chinese behind European private bank bids “uncontactable”

11 December 2015 | 3 minutes read

Shanghai-based Fosun Group has “lost contact” with its billionaire founder and chairman since Thursday afternoon, a reputable Chinese financial news outlet reported, sparking widespread speculation on mainland social media. Separate reports also claim that Guo Guangchang was seen taken by police at the Shanghai airport, after arriving from Hong Kong. It remains unclear whether the 48 year old is being detained for…

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