Tuesday, 30 August 2016
Last updated 2 hours ago
Aug 31 2012 | 11:53am ET
China's long-delayed embrace of hedge funds took another step this week with word that the Shanghai Stock Exchange might allow domestic hedge funds to list.
Zhang Yujun told a seminar organized by the bourse that hedge funds would be permitted to register with the exchange and list vehicles on it, as part of the Shanghai exchange's efforts to "boldly map out" new programs to serve institutional investors. Of course, listed hedge funds would also open the space to more retail investors.
Zhang did not say when hedge funds, known in China as "sunshine private trust funds," would be permitted to list, the South China Morning Post reports.
China has been relaxing its stringent rules toward hedge funds, and its domestic markets, freeing up both domestic and foreign hedge funds to do business in the country.