Zexi ban “just the start” of new China funds crackdown

The blacklisting of well-known Chinese hedge fund firm Zexi Investment, announced late on Wednesday, is just the start of a raft of sanctions for mainland private securities managers, a senior fund executive told AsianInvestor. In fact, the Shanghai-based source said another high-profile case is set to break soon, as industry watchdogs flex their muscles under a recently implemented framework. The Asset Management Association of China (Amac), a self-regulatory body under the aus…