Investors who sold shares to Hong Kong's most prominent inside trader will have to wait until the Chinese New Year holiday in February to find out if they will get their money back, after a judge decided more time was needed to consider a case.
The Hong Kong Securities and Futures Commission is challenging an application by Du Jun, a former Morgan Stanley investment banker who is currently serving a seven-year sentence for insider trading, to access his frozen assets, which his lawyer says he needs to pay a HK$23.3m (US$3m) fine.
The regulator instead wants the court to order Mr Du to compensate his counterparties, whose identities can be traced through transaction records.
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