Asian Regulators Discuss Hedge Funds

HedgeCo.net – About 40 securities regulators from around Asia and the Pacific are meeting this week to discuss hedge funds.

The regional seminar on Collective Investment Schemes/Hedge Funds is taking place in Beijing Monday through the 30th as part of the APEC Financial Regulators Training Initiative. The regulators arecoming from India, Indonesia, Malaysia, Pakistan, Singapore, Thailand and the People’s Republic of China.

Min Tang, Deputy Country Director and Chief Economist for ADB’s office in Beijing said “It is important to strengthen financial regulation in the region through these cost-effective programs for banksupervisors and securities regulators.”

“On behalf of the China Securities Regulatory Commission, I welcome the opportunity” said Dr. Sun Jie, Director General of the commission’s Department of Fund Supervision. “It presents a forum forregulators to discuss and learn from the expertise of developed countries like the United States and Australia, which have been developing their regulatory framework for Collective Investment Schemesover many years.”

In May 1998, the APEC Finance Ministers Meeting endorsed the establishment of the APEC Financial Regulators Training Initiative to enhance training efforts for national and regional financialregulators within Asia.

ADB, based in Manila, is dedicated to reducing poverty in the Asia and Pacific region through pro-poor sustainable economic growth, social development, and good governance. Established in 1966, it isowned by 64 members – 46 from the region. In 2005, it approved loans and grants for projects totaling $6.95 billion, and technical assistance amounting to $198.8 million.

Alex Akesson
Contributing Writer
HedgeCo.Net
Email: [email protected]