Skip to main content

Making Money Very Nearly Illegal In China Now

So, that's added a fun dimension to things.
  • Author:
  • Updated:

Financial innovation conference

Good news: It’s easier than ever to make a bundle on Chinese stocks, at least on the short side. Bad news: It’s hard to spend your newfound millions from behind the walls of a Chinese prison.

The arrests or investigations targeting the finance industry in the aftermath of China’s summer market crash have intensified in recent weeks, creating a climate of fear among China’s finance firms and chilling their investment strategies. At least 16 people have been arrested, are being investigated or have been taken away from their job duties to assist authorities, according to statements and announcements compiled by Bloomberg News….

The government’s response to the market crash was intervention: state-directed purchases of shares, a ban on initial public offerings and restrictions on previously allowed practices, such as short selling and trading in stock-index futures. Next, high-ranking industry figures came under scrutiny as officials investigated trading strategies, decried “malicious short sellers” and vowed to “purify” the market.

Fear Spreads as China’s Finance Firms Face Arrests [Bloomberg]
Hedge Fund With 138% Gain Says China Shorts Easier to Spot [Bloomberg]
Earlier: China’s Solution To Trading Irregularities: Arrest Everyone; (China’s) Carl Icahn Nailed For Insider Trading


China Explains Why It Shut Down P2P Lending Site Last Year

Because it was (allegedly!) a $7.6 billion Ponzi scheme.

(China’s) Carl Icahn Nailed For Insider Trading

Xu Xiang AKA "Big Xu" AKA the Carl Icahn of China knows what we're taking about.


SEC Drags GameStop Wash Traders For Dirty Deeds

There was at least one thing you allegedly couldn’t do during the madness.


Accused Ponzi Schemer Coming To Within 1,500 Feet Of Stadium Or Arena Near You

Craig Carton’s gonna have to pay off those gambling debts somehow.

Death-Faking Hedge-Fund Fraudster Super Busy Right Now

Mark Malik knows what we're talking about.