China CSRC Monitors US Lawsuit Over $100 Million Insider Trading Claims

1 articles · Updated · Bloomberg · Jul 7

China’s securities regulator said it is closely tracking a US lawsuit alleging traders made at least $100 million from options bets placed before Beijing’s crackdown on illegal cross-border trading.
The CSRC did not indicate any domestic investigation, limiting its response to saying it would keep watching developments in the case.
The regulator said it had notified online brokers before the penalty announcement became public and argued the market had anticipated the regulatory action for a long time.
The stance leaves the US lawsuit as the main active front in the case while Beijing frames the trading crackdown as broadly expected rather than market-moving inside information.