Last weekend, reports emerged that China was considering a ban on hedge funds and other investment vehicles, as part of its strategy to reduce market volatility.
And while these reports haven’t yet been confirmed, it’s clear that China’s regulators are taking steps to clean up the country’s financial industry, which has become somewhat of a Pandora’s box over the past decade.
China Could Be Considering A Ban On Hedge Funds
The latest move by regulators to clean up the financial sector is the announcement that China’s New Third Board, or NEEQ, has suspended listings by certain types of financial firms.
NEEQ: A market experiencing rapid growth
China’s NEEQ is small stock exchange set up in Beijing three years ago to attract small and medium-sized companies....
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