Reuters – China is taking baby steps to develop its hedge fund industry as domestic money managers rush to roll out products armed with the country’s one-year-old derivatives market, creating a fertile ground for its own version of industry legends George Soros or John Paulson.
More hedging tools and growing demand from its nearly half a million millionaires will fuel China’s home-grown hedge funds, boosting the prospects for the $380 billion asset management industry in the world’s second largest economy, home to the second highest number of the rich in Asia.
