China's $715bn hedge fund industry faces upheaval due to new regulations with higher asset thresholds and stricter norms.
China's $715bn hedge fund industry faces upheaval as new regulations take effect next month, imposing higher asset thresholds and stricter norms for investments and marketing. This follows China's regulators' crackdown on 'quant funds' as part of tighter supervision of the financial industry. Over 8,000 hedge funds in China, with nearly 300 terminating business so far this year, are expected to be affected by the new rules.
July 21, 2024
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