China's top hedge fund manager held for stock market crash

China's top hedge fund manager Xu Xiang, known as the country's Warren Buffett, has been arrested in dramatic fashion for alleged insider rading offences that led to stock market crash in June, wiping out trillions of dollars Stock Market Trading Tips

Xu's arrest is the latest in a string of cases targeting traders involved in he summer meltdown in Chinese stocks. A squad of Chinese highway patrol cars on Sunday sealed off the Hangzhou Bridge in eastern China for more than 30 minutes while officers surrounded Xu's car, eventually leading the Armani-clad billionaire off in handcuffs.

Police moved in on Xu's company offices in Shanghai and Beijing, confiscating documents and computers as well as interviewing employees, Hong Kong-based South China Morning Post reported on Tuesday Himanshu Tiwari Astrologer Blog