Trouble for China hedge funds? Reuters: Brace for upheaval from tough new rules

Reuters with the info, and the worrisome headline:

• China hedge funds brace for upheaval from tough new rules

In brief:

• China’s $715 billion hedge fund
  industry is facing renewed pressure from stringent regulations
  coming into effect next month, forcing some investment firms to
  seek fresh capital from white knights or even shut shop.
• New guidelines for the fragmented industry from Aug. 1 will
  impose higher asset thresholds for funds to operate, and also
  stricter norms for their investments and marketing.
• Nearly 300 such funds out of the more than 8,000 in China
  have already terminated business so far this year

More at that link above

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This article was written by Eamonn Sheridan at www.forexlive.com.