Hong Kong has just achieved its second conviction for insider trading and the first in which a culprit was actually given a custodial remand. But do not assume that a general clean-up of insider activity is underway. The majority view of the business elite is that it should not be stopped, let alone subject to criminal prosecution. Most likely prosecutions will be infrequent and aimed at minor players.
Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.