日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Markets

Detention of fund manager roils investment sector

By Li Xiang (China Daily) Updated: 2015-11-03 07:32

The detention of a high-profile Chinese fund manager stirred the country's equities investment sector on Monday, underscoring the intensified government crackdown on illegal activities in the volatile Chinese stock market.

Xu Xiang, general manager of the Shanghai-based private equities firm Zexi Investment, has been detained and is being investigated by the police on suspicion of insider trading and market manipulation, Xinhua News Agency reported, citing the Ministry of Public Security.

Xu's detention came as the country's securities watchdog stepped up the effort to eradicate illegal trading after the stock market experienced a dramatic fall that wiped out $5 trillion in market value during the summer.

Market observers said that the case could herald a fresh round of crackdowns on financial crimes as the country's top anti-graft agency, the Communist Party's Central Commission for Discipline Inspection, turns its attention to the financial industry by carrying out inspections of possible mis-conduct and corruption in major financial institutions as well as in the securities regulator.

Xu, at the age of 37, was considered a legendary investment figure on the Chinese stock market, since his firm managed to repeatedly outperform the market with investment returns exceeding 300 percent-even when the market suffered sharp declines.

With only a high school education, Xu began to trade stocks at the age of 17. Nicknamed one of the "dare-to-die" traders, Xu was known for his aggressive investment strategies, and he soon rose to become a star fund manager due to his market-beating performance.

The value of assets under his management had exceeded 10 billion yuan ($1.58 billion), and the stocks he invested were chased by many retail investors.

On Monday, news about Xu being investigated set the Chinese investment circle abuzz, and a photo of Xu wearing handcuffs went viral on the Internet, although details of the investigation were limited.

Phone calls to Zexi Investment were not answered. Stocks that are part of Xu's investment portfolio suffered heavy losses on Monday as investors rushed to dump the risky assets.

"Professionally speaking, the performance of Xu's fund almost looked like a myth to me ... and it is not surprising that he became a target of the regulator," said a fund manager in Beijing who requested anonymity.

In a separate probe, police arrested several executives of Yishidun International Trade Co, registered in Jiangsu province, and Shenzhen-based futures brokerage China Fortune Futures, Xinhua reported, also citing the Ministry of Public Security. They are suspected of manipulating the stock index futures market by using a high-frequency trading strategy and reaping illegal profits of more than 2 billion yuan, according to Xinhua.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久久久久久久网站 | 热99在线| 黄色aaaaa| 女人av在线 | 国产xx视频 | 亚洲欧美日本在线 | 黄色网址视频在线观看 | 91视频直接看 | 四虎精品在永久在线观看 | 中文字幕第九页 | 在线看亚洲 | 欧美一级免费片 | 久久免费网 | 一级片免费视频 | 日韩网站在线观看 | av免费入口| 久久精品在线播放 | 九九精品在线观看 | 国产午夜精品一区二区三区 | 中文在线免费 | 一个色在线 | 欧美精品亚洲精品 | 在线免费看毛片 | 免费在线毛片 | 国产午夜一区二区三区 | 国产毛片av | 国产成人麻豆精品午夜在线 | 毛片直接看| 一区二区三区四区在线播放 | 老牛影视av一区二区在线观看 | aaa一区二区 | 一区二区三区视频在线观看 | av大片在线 | 成人亚洲网站 | 婷婷国产 | 超碰97成人| 国产a级片视频 | 国产三级小视频 | av男人天堂网 | 亚洲性网 | 成人国产片女人爽到高潮 |