This article is from the source 'independent' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.independent.co.uk/news/business/disappeared-chinese-hedge-fund-boss-says-i-was-not-investigated-10489338.html
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| 'Disappeared' Chinese hedge fund boss says 'I was not investigated' | |
| (about 3 hours later) | |
| Li Yifei, the chairwoman of hedge fund firm Man Group Plc’s China has denied media reports that said she had been assisting a police investigation into market volatility. Li said she has returned from a meditation trip. | Li Yifei, the chairwoman of hedge fund firm Man Group Plc’s China has denied media reports that said she had been assisting a police investigation into market volatility. Li said she has returned from a meditation trip. |
| Li’s ‘disappearance’ prompted speculation she was taken into custody last week. It came after a series of confessions from journalists and members of the financial industry in a campaign against market manipulation lead by Chinese authorities. | Li’s ‘disappearance’ prompted speculation she was taken into custody last week. It came after a series of confessions from journalists and members of the financial industry in a campaign against market manipulation lead by Chinese authorities. |
| However, Li – one of China’s most powerful business women - said she was attending industry meetings and had then taken a 5 to 6 day trip to meditate, Reuters has reported. | However, Li – one of China’s most powerful business women - said she was attending industry meetings and had then taken a 5 to 6 day trip to meditate, Reuters has reported. |
| "I wasn't investigated," Li said by telephone, adding she was "shocked" by the media reports. | "I wasn't investigated," Li said by telephone, adding she was "shocked" by the media reports. |
| Li also posted on Twitter-like Weibo account on Sunday, that she attended ‘industry meetings’, and enjoyed the military parade on Thursday, according to Bloomberg. | Li also posted on Twitter-like Weibo account on Sunday, that she attended ‘industry meetings’, and enjoyed the military parade on Thursday, according to Bloomberg. |
| Chinese authorities have unleashed a volley of measures to try to prop up stock markets that have fallen around 40 per cent since mid-June. These have included pushing domestic brokerages and fund managers to buy up shares, and banning investors with large stakes from selling their holdings for six months. | Chinese authorities have unleashed a volley of measures to try to prop up stock markets that have fallen around 40 per cent since mid-June. These have included pushing domestic brokerages and fund managers to buy up shares, and banning investors with large stakes from selling their holdings for six months. |
| Li indicated it was largely business as usual for her though, adding she was still working for Man Group. | Li indicated it was largely business as usual for her though, adding she was still working for Man Group. |
| She became Man's chairwoman in China in 2011, having previously worked as the head of MTV China. | She became Man's chairwoman in China in 2011, having previously worked as the head of MTV China. |