A Hong Kong court has shot down the final appeal of short seller Andrew Left against a ruling that banned him from trading in the city for five years after publishing a negative report on Chinese property developer Evergrande.
The original report from Mr Left’s Citron Research in 2012 claimed that Evergrande, one of China largest listed mainland property developers, was insolvent and that it had presented fraudulent information to investors.
The report led Hong Kong’s Securities and Futures Commission to bring Mr Left before a markets misconduct tribunal, becoming the first case in which the securities regulator has pursued legal action against unregulated published commentary.
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