Xu’s detention followed a stock rout that hit China’s stock market in June 2015, wiping out US$5 trillion of market value in weeks. Photo: Xinhua

Once China’s hedge fund guru, Xu Xiang sentenced to 5.5 years in prison for market manipulation

Xu Xiang, founder of China’s high profile Zexi Investment, sentenced to prison and fined a record 11 billion yuan by Qingdao Intermediate People’s Court

Topic |   China Stock Turmoil 2015

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Xu’s detention followed a stock rout that hit China’s stock market in June 2015, wiping out US$5 trillion of market value in weeks. Photo: Xinhua
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