{"id":38013,"date":"2013-09-16T10:06:50","date_gmt":"2013-09-16T14:06:50","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=38013"},"modified":"2013-09-16T10:06:50","modified_gmt":"2013-09-16T14:06:50","slug":"china-allows-six-foreign-hedge-funds-to-set-up-shop","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2013\/china-allows-six-foreign-hedge-funds-to-set-up-shop.html","title":{"rendered":"China Allows Six Foreign Hedge Funds To Set Up Shop"},"content":{"rendered":"<p>ValueWalk &#8211; China has given six foreign hedge funds the right to raise funds in yuan to invest overseas, a strong move towards opening the country\u2019s economy and internationalizing its currency, writes Amy Li for\u00a0<em>The Wall Street Journal<\/em>.<\/p>\n<p>The funds will be small at first, limited to just $50 million worth of yuan; it\u2019s not surprising that the ruling Communist Party would take a conservative approach. This program, called Qualified Domestic Limited Partner (QDLP), follows a similar change\u2014introduction of the Qualified Domestic Institutional Investor (QDII)\u2014by seven years, so clearly no one\u2019s in a rush. The QDII, which allows Chinese companies to raise yuan to invest abroad, has a quota of more than $80 billion, but it has been underutilized due to poor performance.<\/p>\n<p><a href=\"http:\/\/www.valuewalk.com\/2013\/09\/china-six-foreign-hedge-funds\/\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ValueWalk &#8211; China has given six foreign hedge funds the right to raise funds in yuan to invest overseas, a strong move towards opening the country\u2019s economy and internationalizing its currency, writes Amy Li for\u00a0The Wall Street Journal. The funds [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38013","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=38013"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38013\/revisions"}],"predecessor-version":[{"id":38014,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38013\/revisions\/38014"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=38013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=38013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=38013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}