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Thread: China hunts fugitive commodities trader

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[quote=MARRIE,307726]An investor from rural Hubei who refused to give his name said he turned to Huaxia after losing money in the falling stock market.
"If I lose money due to market forces, it's OK," the man said angrily. "But I didn't lose it that way. Someone took my money."
The police statement said Guo's whereabouts were unknown. The 21st Century Business Herald said he flew to Los Angeles last Tuesday.
China has suffered a string of scandals over insider trading on its turbulent stock markets and embezzlement or mismanagement at state banks. But this is the biggest publicly known case of its kind in fast-growing Chinese commodities markets.
Investors are pouring into commodities because few can make money in stocks, and interest on bank accounts fails to keep pace with inflation, said Li Zhe, head of research for Beijing China International Futures Co., which has no connection to Huaxia.
"A lot of individual investors are doing commodities futures trading," Li said. "Among our clients, winners and losers are about half and half."

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