Sun, Apr 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

China’s rule amendments to allow hedge fund registration

Tuesday, March 12, 2013

From Komfie Manalo, Opalesque Asia – China is set to formally recognize hedge funds with the full implementation of amendments to its Securities Investment Funds Law that allows registration of hedge fund firms in the mainland. The changes in Beijing’s investment funds will pave way for the formal establishment of a hedge fund industry in China.

A report by Risk.net said the changes in the investment funds law will take effect on June 1 this year; it will allow hedge funds to raise funds legally in China. This will be the first time that hedge funds can solicit capital in China.

The amendments were ratified by China's National People's Congress on December 28, 2012 after the previous version of 2003 law defines "securities" as stocks, bonds and shares in regulated mutual funds, but did not specify hedge funds or private funds.

Under the registration regime for hedge funds and other private funds that invest in publicly offered securities, private fund managers with at least $16.08m (100m yuan) or those with more than 50 investors, are required to register with the Asset Management Association of China, a self-regulatory organization sponsored by the China Securities Regulatory Commission.

China has been showing signs of opening towards hedge funds of late. In late August 2012, China Securities Journal reported that the Shanghai......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  3. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  4. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo