Reuters with the info, and the worrisome headline:
-
China hedge funds brace for upheaval from tough new rules
In brief:
- China’s $715 billion hedge fund
industry is facing renewed pressure from stringent regulations
coming into effect next month, forcing some investment firms to
seek fresh capital from white knights or even shut shop. - New guidelines for the fragmented industry from Aug. 1 will
impose higher asset thresholds for funds to operate, and also
stricter norms for their investments and marketing. - Nearly 300 such funds out of the more than 8,000 in China
have already terminated business so far this year
More at that link above
2024 has seen a recovery for Chinese stocks, but not without challenges:
This article was written by Eamonn Sheridan at www.forexlive.com.
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