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Long Xiang, a Former Centrally-Administered Official in Nanjing, Was Arrested on Suspicion of Insider Trading in Securities.
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Long Xiang, a centrally-managed official of the Chinese Communist Party who has been dismissed from his post, is accused of illegally obtaining inside information about securities trading and buying securities before the information that would have a significant impact on the price of the securities was made public. The circumstances are particularly serious, and he has been prosecuted for embezzlement, bribery, abuse of power, and insider tradi…
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