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Alternative Market Briefing

China mulls hedge fund clampdown amidst market crash
Wednesday, January 20, 2016

Komfie Manalo, Opalesque Asia:

China is reported to be considering a ban on hedge funds after the latest market crash has shown that the series of regulations the China Securities Regulatory Commission (CSRC) and the People’s Bank of China have introduced to revive the country’s fledgling financial markets have failed.

In a report, Value Walk cited data from Shanghai-based event-driven research firm Red Pulse claiming that Chinese regulators might consider banning new investment companies from registering in China.

Red Pulse said that investment companies are defined as enterprises registering names containing "investment", "capital", "asset", "fund", "asset management" or "financial leasing". It added that definition includes investment companies involving "equity investment, investment management, investment advisory, capital management, asset management and non-financing guarantee." Registration of these firms in Shanghai and Shenzhen will be suspended starting this year, the report added.

The news is a big setback for Chinese hedge funds that are seeing tremendous growth in the country.

Data released by the Asset Management Association of China (AMAC) counted 24,625 hedge funds as of December 2015, u......................

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