Reported 7 months ago
Chinese regulators are contemplating stricter regulations on how banks sell financial products, potentially cutting off a major channel for distributing hedge funds. The National Financial Regulatory Administration is discussing revisions that would ban disguised selling of private fund products, including hedge funds, seeking feedback from commercial banks. This move could pose challenges for China's 5.2 trillion yuan hedge fund industry, already facing pressure from higher asset thresholds and forthcoming restrictions effective in August.
Source: YAHOO