Chinese regulators propose banning "disguised" selling of private fund products, impacting hedge funds.

Chinese regulators are considering stricter bank selling practices of financial products, potentially cutting off a key distribution channel for the nation's largest hedge funds. The National Financial Regulatory Administration is seeking feedback on revisions that would ban "disguised" selling of private fund products, including hedge funds. This move could intensify challenges for the $717B hedge fund industry, already under pressure.

June 12, 2024
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