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China to let foreign hedge funds raise RMB assets

Leanne Wang
A new pilot scheme, which could be introduced as soon as this month, is being finalised for rollout in Shanghai, with a forecast initial quota of $5 billion.
China to let foreign hedge funds raise RMB assets

Foreign hedge funds will be allowed to register and raise renminbi funds in China under a new pilot scheme, potentially before the end of this month, according to local media on the mainland.

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