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Guotai securities firm says Hong Kong chairman back at work after helping with investigations

HONG KONG – The Hong Kong arm of one of China’s biggest securities companies said Wednesday its chairman has returned to work after disappearing a month ago.

Guotai Junan International Holdings said Yim Fung had been assisting in “certain investigations” by authorities in mainland China in a “personal capacity” and could not be reached during that time.

Neither Yim nor the company was the subject of the investigation, Guotai said in a filing to Hong Kong’s stock exchange.

The Hong Kong unit of Shanghai-based Guotai Junan Securities said Yim has resumed his duties as chairman and CEO. Company operations are “normal and stable,” it added.

It didn’t provide further details about the investigations.

Yim is one of a number of high-profile figures in China’s securities industry who have disappeared or been detained after regulators began investigating a meltdown in China’s stock markets in June.

Last month, three other big Chinese stock brokerages said they were being investigated while the official Xinhua News Agency reported that star Chinese fund manager Xu Xiang was detained on suspicion of insider trading.