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China Universal Asset Management

Controversies

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

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  1. 2014

    Former fund manager Su Jing sentenced over "rat trading" with 36.52 million yuan profit

    Su Jing, a former fund manager at China Universal Fund, used non-public information from the funds he managed to trade stocks; the case involved 733 million yuan and 36.5258 million yuan in profits, and was called one of the "most profitable rat trades," exposing internal control weaknesses at fund companies. In October 2014, he was sentenced to two years and six months in prison and fined 37 million yuan, with illegal gains ordered to be returned; regulators discussed "joint liability" penalties for fund companies.

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