Court: Star Chinese investor pleads guilty in stock case
Corporate Governance
A Chinese court says a star securities trader who was arrested following last year's stock market collapse has pleaded guilty to insider trading and manipulating share prices.
The court in the eastern city of Qingdao said in a statement Tuesday that Xu Xiang and two co-defendants pleaded guilty at the start of a trial but no verdict had been issued.
Xu was arrested in November after a rapid rise in Chinese share prices collapsed. Top executives of China's biggest state-owned securities firm also were arrested in a separate case.
The court statement said Xu and his co-defendants were accused of conspiring with executives of 13 companies from 2010 to 2015 to inflate their share price and then sell.
Related listings
-
Alleged white supremacist pleads guilty in fire at Tennessee center
Corporate Governance 04/11/2026A man linked to white supremacist movements pleaded guilty on Monday to setting a fire that destroyed an office at a historic social justice center in Tennessee, a court document shows.Regan Prater also pleaded guilty to attempting to aid a foreign t...
-
Former South Korean president receives life sentence for imposing martial law
Corporate Governance 02/19/2026Former South Korean President Yoon Suk Yeol was found guilty of leading an insurrection on Thursday and sentenced to life in prison for his brief imposition of martial law in 2024, a ruling that marks a dramatic culmination of the country's biggest p...
-
Federal appeals court upholds law requiring sale or ban of TikTok in the US
Corporate Governance 12/07/2024A federal appeals court panel on Friday unanimously upheld a law that could lead to a ban on TikTok as soon as next month, handing a resounding defeat to the popular social media platform as it fights for its survival in the U.S. The U.S. Court of Ap...