Former Hanlong managing director sentenced to more than 8 years jail for insider trading (ASIC, 2016)

Judgment entered

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In 2016, Hui Xiao, the former managing director of Hanlong Mining Investment, was sentenced to a total of 8 years and 3 months' imprisonment, with a non-parole period of 5 years and 6 months, for insider trading in Sundance Resources and Bannerman Resources financial products in July 2011. No monetary figure is stated.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

the Australian Securities and Investments Commission announced this matter on March 11, 2016 as release 16-070MR. The respondent named is Hui Xiao (1 individual, 0 entities). ASIC reports that Mr Xiao, who had pleaded guilty to two rolled-up insider trading charges and admitted a third (release 15-239MR), covering 102 trades in Sundance Resources and Bannerman Resources instruments made while he headed Hanlong Mining, received an aggregate jail term of 8 years 3 months, to be served with five and a half years before parole eligibility.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Insider trading — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2016-03-11 ASIC media release

Primary documents

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• ASIC media release

The linked release is published by the issuing regulator under its own terms. Our summary and narrative above are our own writing.

Same matter

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This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.