About a year after Bao Fan disappeared from public view, his boutique Chinese investment bank is shrinking and being circled by rivals. Almost a third of China Renaissance Holdings Ltd.’s staff in Hong Kong, which includes investment banking, private equity and wealth management teams, have either resigned or lost their jobs, people familiar with the matter said. Li Yuan, who oversees the wealth business, is leaving the company. Including mainland China, about 100 staffers left the firm in the past year, one of the people said. At the same time, the firm has received interest from a Hong Kong-based financial group ... (full story)