1 outlet

Hong Kong ‘block trade king’ exploited bank lapse to make HK$1.7 million, court told

A prominent hedge fund manager took advantage of a bank’s “wholesale collective failure” to prevent illicit trading, making HK$1.7 million in a single day by using confidential information to sell shares in a Hong Kong fashion house nine years ago, prosecutors alleged on Tuesday.

First seen · 11:18 AM UTCMay 5, 2026

How it's being covered

Methodology →

LeftCenterRight

0Left · 0%0Center-Left · 0%1Center · 100%0Center-Right · 0%0Right · 0%

Covering this story

Sorted left → right

South China Morning Post
CenterAlibaba Group
Hong Kong ‘block trade king’ exploited bank lapse to make HK$1.7 million, court toldA prominent hedge fund manager took advantage of a bank’s “wholesale collective failure” to prevent illicit trading, making HK$1.7 million in a single day by using confidential information to sell shares in a Hong Kong fashion house nine years ago, prosecutors alleged on Tuesday.
11:18 AM UTC

Also happening today

All today →

Culture

Kodomo no Hi

Japan's Children's Day, part of Golden Week. Families fly koinobori — carp-shaped windsocks — outside their homes, one for each child. The carp swims upstream; so should you.

Open →

Culture

Cinco de Mayo

Commemorates Mexico's 1862 victory at the Battle of Puebla. A regional observance in Mexico, a much louder party in the US than it ever was south of the border.