Xu Xiang

Xu Xiang (born February 1977 in Ningbo, Zhejiang) is a former Chinese private placement investor and the General Manager of Zexi Investment, a Chinese investment company.wikipedia
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2015–16 Chinese stock market turbulence

2015 Chinese stock market crash2015–16 Chinese stock market crash2015–2016 Chinese stock market crash
In 2015, he manipulated the stock market during the stock market crash in summer.
On 1 November billionaire hedge fund manager, Xu Xiang - known as China's Warren Buffett, or China's Carl Icahn - was arrested for allegedly manipulating the stock market during the 2015 Chinese stock market turbulence.

Insider trading

inside informationinsider informationinsider dealing
On November 1, 2015, Xu Xiang was arrested by the police due to insider trading.
On October 1, 2015, Chinese fund manager Xu Xiang was arrested due to insider trading.

Ningbo

NingpoNingbo CityMingzhou
Xu Xiang (born February 1977 in Ningbo, Zhejiang) is a former Chinese private placement investor and the General Manager of Zexi Investment, a Chinese investment company.

Zhejiang

Zhejiang ProvinceChekiangpresent-day Zhejiang
Xu Xiang (born February 1977 in Ningbo, Zhejiang) is a former Chinese private placement investor and the General Manager of Zexi Investment, a Chinese investment company.

Private placement

private placementsplacement feeprivate equity placement
Xu Xiang (born February 1977 in Ningbo, Zhejiang) is a former Chinese private placement investor and the General Manager of Zexi Investment, a Chinese investment company.

Carl Icahn

Carl C. Icahn
He has been called "China's Carl Icahn" and Chinese investors always call him "Big man of Private placement" .

China Galaxy Securities

In 1993, Xu skipped the university entrance exams and started investing in stocks, using money from his parents as initial capital at China Galaxy Securities trading hall on South Liberation Rd in Ningbo.

Highway patrol

Traffictraffic policehighway patrolman
The highway patrol sealed off the 35.4 km Hangzhou Bay Bridge for more than 30 minutes.

Hangzhou Bay Bridge

longer bridge
The highway patrol sealed off the 35.4 km Hangzhou Bay Bridge for more than 30 minutes.

Xinhua News Agency

XinhuaXinhua NewsXinhua News Agency Hong Kong Branch
Xinhua News Agency, the official news agency in China released a brief statement after the arrest.

Anti-corruption campaign under Xi Jinping

anti-corruption campaignanti-corruption campaign in Chinaanti-corruption
Some media reported and pointed Xu's arrest is linked to anti-corruption campaign.

Renminbi

yuan¥RMB
On January 23, 2017, Xu was sentenced to five and a half years in prison and fined 11 billion yuan (US$1.6 billion).

Battle of Ruxu (217)

Battle of RuxuRuxuanother campaign
Xu Xiang