China Trading Tycoon Loses $1.7 Billion in One Day After Curbs

A Chinese online brokerage tycoon lost more than a quarter of his fortune in a single day after Beijing cracked down on cross-border stock trading to tighten control over capital...

By Cindy Wang · Bloomberg Markets

A Chinese online brokerage tycoon lost more than a quarter of his fortune in a single day after Beijing cracked down on cross-border stock trading to tighten control over capital outflows.