Time for China to Crack Down on Insider Trading

The prevalence of insider trading has become a headache for China's market regulator, recent developments show.

Take two incidents this month. On June 6, Citic Securities analyst Zhang Mingfang revealed news of Livzon Pharmaceutical Group's equity incentive plan in several WeChat messaging groups. Three days later, Suning Commerce vice president Li Bin hinted at big news on his social media account. In both cases, the news boosted the companies' share prices.