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Hwabao Fund Management

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2010

    Ex-Huabao Fund deputy investment director Jiang Ning illegally gained 110 million yuan in 'rat trading'

    From 2010 to 2013, Jiang Ning, former deputy investment director and fund manager at Huabao Fund, used undisclosed information to instruct accounts controlled by her husband and father to carry out convergent trading; transactions totaled 2.996 billion yuan and illegal gains were about 114 million yuan, making it one of the largest 'rat trading' cases. On second instance, she was sentenced to five years in prison for trading on undisclosed information, with illegal gains confiscated and a fine of 114 million yuan.

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