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' funds.
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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