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.