Foreign hedge funds thrive in China despite strict rules
Their speculative activities complicate govt efforts to calm turbulent markets
Mon, Aug 10, 2015 - 5:50 AM
NO WRONGDOING: Hedge funds have found legal ways to bet on Chinese derivatives and stocks without going through formal investment channels.
HUNDREDS of foreign hedge funds and traders are working in a regulatory grey area in China, using speculative trading strategies that are complicating regula-tors' efforts to calm the country's turbulent stock markets.
Interviews with more than a dozen foreign hedge funds...