China's onshore private funds industry is growing explosively, and in the backdrop of ongoing regulatory reforms is ripe for a transformation into an international-style hedge fund industry
In many countries, moving out of a big fund house to set up a hedge fund is now a normal career path for a successful mutual fund manager. But in China, the path to such entrepreneurial opportunities is not quite so obvious. Similarly, Chinese mainlanders who were educated and cut their hedge fund management teeth in the world's major financial centres don't find it quite so easy to set up a hedge fund back home.
Under regulation by the China Securities Regulatory Commission (CSRC), mutual funds must maintain a