Hong Kong's highest-profile insider trading trial began yesterday, as prosecutors in the territory seek to extend their streak of court victories in market misconduct cases.
Du Jun, a former Morgan Stanley investment banker, faces 10 counts of insider trading related to advisory work he undertook in 2007 for Citic Resources, an arm of China's largest investment conglomerate. Mr Du, speaking through an interpreter, pleaded not guilty to all counts.
Over the past 10 months, the Securities and Futures Commission (SFC), Hong Kong's market regulator, has secured seven criminal convictions, including three prison sentences, in insider dealing cases. Another defendant was given a suspended prison term.
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