January 23, 2006

China Looks at Hedge Funds

China's Banking Regulatory Commission has recently announced plans to form a special committee to find out how difficult will it be to regulate hedge funds. Based on it, it might be determined whether to allow hedge funds in the country or not. Oascentral reports:

Now, Jeffrey Tucker, founding partner of Fairfield Greenwich Group says it's just "a matter of time" before the Mainland welcomes the hedge funds, as there are signs China may be shattering its HF taboo, born of the belief that hedge funds were largely responsible for the Asian financial crisis a decade ago.

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