Exclusive: Star Chinese Fund Manager Prosecuted for Bribery

Cai Songsong, a former star fund manager at Lion Fund Management Co. Ltd., and his ex-colleague Qu Quanru have been prosecuted for bribery linked to their trading of a small- to mid-cap Shenzhen-listed stock for personal gains, sources with knowledge of the matter told Caixin.

The case was heard on March 27 by a court in Jinhua in East China’s Zhejiang province, according to a screenshot of a court statement which went viral on Chinese social media on Monday. Dong Boxiong, previously a research assistant at Guosen Securities Co. Ltd., was a third defendant, according to the screenshot, which did not specify the stock involved or the charges against the three.