China Quant Funds Await Tough New Rules Set to Rock Sector

Quick Summary:

The tightening of regulations on China's 5.2 trillion yuan ($715 billion) hedge fund sector comes as President Xi Jinping seeks to foster a leaner and cleaner financial industry

The post China Quant Funds Await Tough New Rules Set to Rock Sector appeared first on Asia Financial.

The new rules require a fund to have a minimum 10 million yuan ($1.38 million) to be set up, and assets of at least 5 million yuan to operate, posing a challenge to many managers of tailor-made, single-account products.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaThailand

Topics: AI Fintech Fintech Insights Asia Market Insights ESG Capital Markets World Regions

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-22 @ 12:17:16 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 803 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 21727284

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