Everbright Securities President Xu Resigns After Trading Error

Xu Haoming resigned as president of Everbright Securities Co. (601788), the brokerage that roiled Chinese stock markets last week with erroneous buy orders.

Shares in the brokerage will be suspended for the afternoon session in Shanghai and will resume tomorrow, the company said in a statement to the city’s stock exchange.

To contact Bloomberg News staff for this story: Nathaniel Espino in Beijing at nespino@bloomberg.net

To contact the editor responsible for this story: Chitra Somayaji at csomayaji@bloomberg.net

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