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Chinese Star fund manager pleads guilty to manipulation

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Star fund manager pleads guilty to manipulation

Xu Xiang, a former hedge fund manager, has pleaded guilty to market manipulation, according to a statement by a court in Qingdao on Tuesday. It is one of the most high profile cases since China’s stock market collapse last year. Qingdao Intermediate People’s Court said that Xu and two co-defendants were accused of conspiring with executives…

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