China has given foreign hedge funds permission to tap its wealthy citizens inside the country for funds to invest overseas, according to people in the industry.
The move is another important step by China to open its capital account – a process that involves dismantling regulations separating China from international markets.
The pace of reform has picked up over the past year with a flurry of small initiatives, but the hedge fund move would be among the boldest. As well as creating a new channel for domestic capital to flow abroad, it would give Chinese institutions access to alternative investment strategies – from short positions to arbitrage – which they have lacked.
您已阅读30%（677字），剩余70%（1591字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。