Thu, Apr 24, 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. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Niche Investing – Wealthy investors flock to fine art funds[more]

    From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit. Growth

  3. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  4. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act

  5. Performance – Odey flagship hedge fund suffers brutal March as shorts rise, Blackstone first-quarter profit rises 30% on higher fees[more]

    Odey flagship hedge fund suffers brutal March as shorts rise From Valuewalk.com: The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, ac