(Bloomberg) Chinese police slapped a two-year freeze on more than $670 million of shares owned by the mother of Xu Xiang, the Shanghai hedge fund boss under investigation for alleged insider trading and stock manipulation.
Two companies, one in Beijing and one in Nantong in Jiangsu province, reported the freeze on stakes held by Xu’s mother, Zheng Suzhen, in statements to the Shanghai stock exchange on Monday night. Zheng hasn’t been named by authorities as being under investigation.
