Hedge fund manager jailed in China insider trading case

China has sentenced a former star hedge-fund manager to more than five years in prison for market manipulation, a court said, after an investigation following a stock market slump in 2015. Xu Xiang, manager of the Shanghai-based private equity fund Zexi Investment, and two other executives were found guilty of market manipulation and fined an unspecified amount, the Qingdao Intermediate People's Court announced on a verified social media account.