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Chinese investor sues stock exchange for information

Xinhua, June 30, 2015 Adjust font size:

A court in Shanghai on Tuesday heard a lawsuit against the Shanghai Stock Exchange for its refusal to disclose trading information to an investor.

The plaintiff, an A-share investor surnamed Zheng, claimed that he tried to buy a stock at the highest bid for six straight trading days in January but all attempts failed.

Zheng said he had asked the Shanghai Stock Exchange to tell him the accepted prices for the stock and the sequence and quantity of brokers' bids but the stock exchange refused to share the information.

Shanghai Stock Exchange did not explain to Zheng why his request was turned down.

At court, Shanghai Stock Exchange said it was not an administrative body and had no obligation for information disclosure.

The court has not made any ruling yet. Endi