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Six Foreign Hedge Funds to Gain Foothold in China

WSJ – China, which has been gradually opening up its financial system, is about to let foreign hedge funds stick a small toe in.

Regulators in the city of Shanghai have agreed to let a group of American and British hedge funds operate in China as part of a pilot program, according to people briefed on the program. The funds are expected to be able to raise $50 million each from Chinese institutions to invest around the world, these people said.

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