China Scene: South

Trader let off scot-free after stock losses

Guangzhou Intermediate People's Court recently upheld a lower court's ruling that Lei Ming, who helped his superior Meng Xun trade stocks, was not personally responsible for Meng's losses on the stock market.

Meng deposited a total of 180,000 yuan ($26,000) into Lei's bank account on 11 separate occasions over the period from November, 2003, to June, 2004, with the request that Lei trade the stocks for him.