China’s securities regulator has stepped up its probe into insider trading, taking on “rat traders” in an attempt to restore confidence in the country’s stock market, which is widely viewed as being rife with corruption.
Rat trading is a form of “front-running” in which fund managers use personal accounts to buy shares cheaply, then sell them at a profit after purchases from the funds they run have boosted their value.
The investigation is part of Beijing’s sweeping anti-corruption campaign, most publicly involving the arrests of senior politicians and military officers.
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