China Arrests HK-Owned Fund Executives for Futures Manipulation

(Reuters) China has arrested two executives from a Hong Kong-owned fund for irregular futures trades involving hundreds of millions of dollars, said Xinhua news agency, the first public arrests linked to a non-mainland fund caught up in a crackdown on risky trading.The Ministry of Public Security said the case was still under investigation and that its plans to enlist foreign authorities to net overseas suspects, the official news agency reported, citing a ministry statement on Sunday.

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