Suspicions of securities scandals stand out in Chinese market

SHANGHAI – In October 2020, a lawyer in Shanghai was tipped off to Huawei Technologies’ plan to sell budget-brand smartphone unit Honor to handset distributor Digital China Group. The 40-something lawyer says a senior Digital China executive put a word or two into his ear about the plan.

Digital China Chairman and CEO Guo Wei was embroiled in an insider trading case when he divulged information…