Editorial: Activism’s growing power

Author: | Published: 24 Mar 2015

A Hong Kong tribunal started a preliminary hearing last month, involving a US short seller called Citron Research. So far, so standard: the practice of short selling itself has been a part of markets since the 1600s and Kong Hong has historically frowned upon it.

The case focusses on allegations that Citron published a misleading report about China's fourth biggest developer, Evergrande Real Estate Group, in 2012.

In fact, Citron Research's case is something entirely...