SHANGHAI - A Shanghai-based business reporter is wanted by the police in East China's Zhejiang province after he exposed insider trading in a listed firm in the region.

Qiu Ziming, an employee of the Beijing-based Economic Observer, a Chinese business weekly, has been on a national online list of wanted criminals by the public security bureau of Suichang county since July 23, on grounds that his reports "contained false information" and "allegedly damaged a company's reputation", Wang Shengzhong, editor-in-chief of the weekly, told China Daily on Wednesday.

In the latest text message on Sina.com's microblogging service, or China's version of Twitter, Qiu, who is still dodging the police, said on Wednesday that he had written nothing wrong in his news reports and that he had sound evidence to prove backdoor trading in the listed Zhejiang Kan Specialty Material Co Ltd, a paper manufacturing company located in Suichang county in Lishui city.