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  <title>China Business Uncovered #7: Leaked Deals, Bribes Behind Hong Kong’s Insider-Trading Scheme</title>
  <description> Program description: China Business Uncovered takes listeners inside China’s corporate world through the eyes of reporters who investigate it firsthand. Featuring conversations with Caixin journalists, each episode breaks down the most complex developments inside Chinese businesses. Tune in to understand how critical stories are covered, what’s really happening beneath the surface, and why it matters for businesses and investors operating in and around China. Recorded in Mandarin and produced in English with the help of AI, China Business Uncovered brings Caixin’s in-depth investigative reporting to a global audience.  Episode intro:  Hong Kong’s rebounding capital markets were jolted in March when anti-corruption and securities regulators raided major Chinese brokerages as part of an investigation into suspected bribery and insider trading linked to share placements. Authorities allege that senior brokerage executives accepted more than HK$4 million ($510,000) in bribes in exchange for confidential information on upcoming deals. With that information, a hedge fund allegedly built short positions before the deals were announced and profited when share prices fell, generating nearly HK$315 million in illicit gains. Eight people were arrested. In this episode of China Business Uncovered, host Han Wei speaks with Caixin investigative reporter Wang Xiaoqing about how the probe unfolded, why Hong Kong’s share-placement market can be vulnerable to information leaks, and how a little-known hedge fund became one of the city’s most aggressive players. More broadly, the case offers a glimpse into a part of Hong Kong’s fundraising ecosystem that ordinary investors rarely see — and raises questions about market fairness, regulatory oversight, and confidence in the city’s financial markets. Chapters: (02:04) Hong Kong’s brokerage raids (05:10) Leaked deals and HK$315 million in illicit gains (09:51) How inside information was exploited (16:15) Regulatory scrutiny amid a market rebound (20:44) The mysterious rise of hedge fund Infini Capital (29:25) The probe’s market and compliance impact This episode of China Business Uncovered was recorded in Mandarin and produced in English with the help of AI. Based on these stories:  Exclusive: Hong Kong Anti-Corruption Probe Hits Citic Securities, Guotai Junan  In Depth: Secretive Hedge Fund at Center of Hong Kong Insider-Trading Probe  Eight Arrested in Hong Kong Probe Into Insider Trading and Bribery Produced by Kelsey Cheng, Han Wei and Du Bohan. Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations. Save an extra $50. Introductory offer for new readers.  Subscribe now. </description>
  <author_name>China Business Insider -  News From Caixin Global</author_name>
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