FINANCE

Former Asset Manager in China Jailed for Trading on Nonpublic Information

Published: Jun. 1, 2026 3:57 p.m. GMT+8

00:00

00:00/00:00

Listen to this article 1x

Liu Jianyi on trial for trading on nonpublic information. Photo: Shanghai No. 3 Intermediate People’s Court

A former Huatai Asset Management Co. Ltd. investment manager has been sentenced to five years in prison and fined 21 million yuan ($3.1 million) for trading on nonpublic information, according to a Shanghai court.

Liu Jianyi used nonpublic information from his role in Huatai’s equity investment department between 2021 and 2023 to coordinate stock trading through associate accounts, the court said.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Save an extra $50. Introductory offer for new readers. Subscribe now.

Share this article

Open WeChat and scan the QR code

DIGEST HUB

Digest Hub

Back

Explore the story in 30 seconds

Liu Jianyi sentenced to 5 years prison and fined 21 million yuan for trading on nonpublic information.
He used nonpublic information from Huatai’s equity investment department (2021–2023) to trade via associate accounts, gaining 21 million yuan.
Received lighter sentence for voluntary surrender, confession, and partial restitution; also fined 43.5 million yuan and banned 10 years by regulator in 2024.

AI generated, for reference only

Who’s Who

Huatai Asset Management Co. Ltd.: Huatai Asset Management Co. Ltd. is a Chinese asset management firm. In 2021-2023, a former investment manager from its equity department used nonpublic information for illegal stock trading. He was later sentenced to five years in prison and fined 21 million yuan.

AI generated, for reference only

What Happened When

2021 to 2023：: Liu Jianyi used nonpublic information from his role in Huatai's equity investment department to coordinate stock trading through associate accounts.