The whereabouts of one of China’s leading hedge fund managers remained unclear on Tuesday as Beijing intensified its clampdown on stock market impropriety and rumour-mongering.
The husband of Li Yifei, Man Group China head, denied that she was in detention. An earlier Bloomberg report saying she had been taken into custody by police in connection with the stock market probe into market volatility was “not accurate”, Wang Chaoyong, Ms Li’s husband, told the Financial Times.
“Li is in a meeting with [financial industry] authorities at the moment in the suburbs of Beijing,” he said, adding that the meeting was continuing from Monday and that “it sounds like there are a lot of people attending from foreign financial institutions”.
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