From Bloomberg:
China should allow hedge funds to conduct business, a move which would help the country develop its stock futures market, said Hu Yuyue, a university professor.
“We need to legalize hedge funds and bring in more private equity funds,” Hu, head of the stock futures research center at the Beijing Technology and Business University, said at an investment conference in Beijing yesterday. [Full Text]
Read also: Let a thousand hedge funds bloom – in China.