Over the last two years, China has witnessed an unprecedented number of crackdowns on major technology firms. Bao Fan, a prominent dealmaker in the technology sector in China, established China Renaissance in 2005. Following his disappearance, the company’s shares listed in Hong Kong fell by up to 29%, but they increased by 2.3% on Monday. The disappearance of Bao Fan, the founder of China Renaissance, has raised worries about a further crackdown on China’s financial services sector. What do you think China want to achieve with these crackdowns ?
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