Dec 02, 2016 07:47 PM

FINANCE

Star Stock Trader Set to Face Trial for Insider Trading

By Yue Yue and Dong Tongjian

(Beijing) — The trial of a well-known Chinese private-fund manager who is charged with stock market manipulation is set to start Monday, according to a notice from the Qingdao Intermediate People's Court on Thursday.

Xu Xiang, the 40-year-old founder and general manager of the Shanghai-based asset management firm Zexi Investment, was detained in November 2015 and indicted on Nov. 10 by prosecutors in Qingdao, Shandong province, on charges that he manipulated the securities market, according to the official Xinhua News Agency.

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