Ba Shusong is missing, the case involves the independent director of GF Bank

The news of the disappearance of renowned economist Ba Shusong has sparked widespread attention. According to reports, around March 12, Ba Shusong was taken away, suspected of economic crimes involving a significant amount, with the Shanghai police responsible for the investigation. What exactly is Ba Shusong involved in? According to Economic Observer, Ba Shusong's case is linked to the case of Guo Yunzhao, an independent director of GF Bank. Guo Yunzhao is also involved in an economic case and has been "missing" for a long time. Reports indicate that on March 27, 2026, at noon, an Economic Observer reporter contacted Li Xiaoshui, the vice president, board secretary, and risk manager of GF Bank. Li Xiaoshui stated that GF Bank has not held a board meeting for some time, and he did not directly comment on whether the bank could contact Guo Yunzhao or the status of Guo Yunzhao. The Financial House has noted that Ba Shusong privately likes to introduce himself as a "central bank family member" and is quite well-known in the financial circle. Born in August 1969, Ba Shusong has served as the vice president of the Bank of China Hangzhou Branch, assistant general manager of Bank of China Hong Kong, director of the Development Strategy Committee of the Securities Association of China, and deputy director of the Financial Research Institute of the Development Research Center of the State Council; he has also served as the managing director and chief economist of the Hong Kong Stock Exchange Group, a professor at the HSBC Business School of Peking University, and executive dean of the HSBC Financial Research Institute. Guo Yunzhao, linked to Ba Shusong's case, is currently an independent director of GF Bank and was born in 1966. GF Bank's 2024 financial report shows that he received an independent director allowance of 355,000 yuan from GF Bank. He is also a long-standing independent director of GF Bank, having served since September 29, 2020. Guo Yunzhao holds a doctorate in management, is a senior engineer, and is an expert with special allowances from the State Council. He is currently the president of Tuoze Huili Enterprise Management (Hainan) Co., Ltd., and also serves as a director of Youli Bank (China) Co., Ltd., executive director of Ruifu Investment Management Co., Ltd., and independent director of Zhongbao Investment Co., Ltd. Guo Yunzhao has held executive positions in several listed companies, including China BlueStar (Group) Corporation and Southwest Chemical Machinery Co., Ltd. He has also served as the director of the finance and asset management departments of China National Chemical Corporation, chairman of China Jingu International Trust Investment Co., Ltd., deputy general manager of China High-Tech Investment Group Co., Ltd., director of CITIC Industrial Investment Fund, chairman of China Investment Trust Co., Ltd., vice president of China Jianyin Investment Co., Ltd., independent director of Luoyang Bank, director of Hainan Natural Rubber Industry Group Co., Ltd., director of Yunkang Health Industry Investment Co., Ltd., and director of Inner Mongolia Shendong Tianlong Group Co., Ltd. On February 3, 2026, GF Bank announced that the qualification of the new president Lin Zhaohui had been approved. This president, who comes from China Construction Bank, faced the "missing" incident of an independent director right at the beginning of his tenure, and how this will be handled in the future is worth paying attention to