The list of missing Chinese financial executives keeps getting longer

Co Ltd and Fosun International Limited, together with the latter’s convertible bonds issued by its wholly owned subsidiary Logo Star Limited, halted trading Friday morning, after the company confirmed that their chairman Guo Guangchang could not be reached Thursday night. However, Liang Xinjun, its vice-chairman, did reveal to a news agency that his firm is “handling” the situation.

Family members and company executives told Caixin that Guo was in Shanghai at noon, but subsequent phone calls redirected to his secretary.

Guo is the chairman of the Fosun Group that owns Club Med chain of resorts and has shares at the entertainment company Cirque du Soleil.

Guo’s disappearance comes in the midst of a far-reaching crackdown on corruption launched by President Xi Jinping, which has caught up many top Chinese executives, mostly from state-owned companies but also from the private sector.

Five mainland China listed companies controlled by Fosun announced a trading suspension early Friday.

China stocks ended at a almost two-week low on Friday, with a sliding yuan and widening problems at conglomerate Fosun Group hurting investor sentiment.

There were unconfirmed reports on Chinese social media that Guo was detained by police at a Shanghai airport.

Citic Securities, the country’s biggest brokerage firm, said Sunday it was “unable to get in touch” with two top executives, Chen Jun and Yan Jianlin.

Forbes ranks Guo as the 11th riches man in China, with a net worth of US$6.9 billion.

“Mr. Guo may continue to take part in decision makings of the Company’s major matters via appropriate means”.

Guo, born in Zhejiang province in 1967 and who graduated from Fudan University, founded and controls one of China’s largest private enterprises.

The Caixin business magazine first reported Guo missing late on Thursday night, saying that he had not been contacted since midday on Thursday. Five other listed companies under the Fosun Group also suspended trade.

Fosun International said that it would apply to the Hong Kong Stock Exchange for its shares to resume trading on Monday.

Today, the conglomerate has a wide range of global investments including Greek fashion brand Folli Follie and the Chase Manhattan building in NY.

“Fosun has very big capital flow in and out every single day”, the official said.

In early May this year, Fosun International bought 80 percent stake of U.S. insurer Ironshore Inc.

When that verdict was handed down in August, the court in Shanghai said Guo had “inappropriate connections” with Wang, according to Caixin.