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...