Hanlong

Former executive of Chinese firm Hanlong Mining wanted in Australia on insider trading charges

Steven Xiao (left) is wanted in relation to 104 offences linked to alleged insider trading. Calvin Zhu (right) was sentenced last year to two years and three months in jail on related charges.

Australia is seeking to prosecute a former executive of private Chinese firm Hanlong Mining Investment on insider trading charges after he was arrested in Hong Kong, the country’s corporate watchdog said on Tuesday.

Wednesday, 15 January, 2014, 8:38am