SSE denies accusation

The Shanghai Stock Exchange (SSE) said Wednesday that the highly publicized refutation of insider trading by Yang Jianbo, a former Everbright Securities executive, "contained many inaccuracies" about the SSE.

"During the administrative proceedings, the SSE will hand materials containing facts and evidence to related entities in accordance with requirements," the exchange said in a Sina Weibo post.

Yang filed a suit against the China Securities Regulatory Commission, the country's securities watchdog, on February 8 claiming that his behavior should not be considered insider trading.