Li Yifei’s husband denies she has been taken into custody and says his high-profile wife is in a confidential meeting with the authorities

The chair of Man Group’s business in China is said to have been called to a meeting between foreign financial firms and market authorities as Beijing puts pressure on prominent figures in the financial industry over recent heavy falls in share prices.

After Bloomberg News reported that Li Yifei, who runs the UK hedge fund group’s Chinese operation, had been taken into custody to help with a police investigation into market volatility, Li’s husband, Wang Chaoyong, told the Financial Times (paywall) the Bloomberg article was not accurate.

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Source: The Guardian Circular Economy RSS