China crosses the Great Wall
Thu Jul 18, 2013
Armed with rapid regulatory liberalisation and significant indigenous talent, China’s hedge fund industry stands at a crossroads of transformation with immense possibilities for growth
Pivotal to the transformation of China’s hedge
fund industry is the new Investment Fund Securities Law, which
came into effect on 1 June and has cleared away the regulatory
ambiguity surrounding China’s home-grown hedge
funds, also known as private funds or 'sunshine’
The Chinese government is making strong moves to build its
very own hedge fund industry, allowing new fund management
tools and taking the first steps to create a well-established
self-regulation regime to nurture the nascent industry.
This has given birth to a thriving ecosystem whereby
managers, investors, fund custodians, distributors and emerging
prime brokers are all trying to make a mark on the developing
Despite the country’s barely three-year-old
derivatives market, the nation is seeing an increasing number
of local investment managers determined to play the game right
and to build world-class investment...
ISSN: 2151-1845 / CDC10004H
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