Tuesday, August 9, 2016

Regulators Close Hedge Funds

China’s crackdown on dodgy investments is looking more serious as time goes on. Today regulators shut down 10,000 hedge funds, with a statement that noted that many funds were not properly disclosing their activities and some were funding criminal organizations, such as unlicensed factories and smugglers. Already most of the “wealth management product” sector had been shut down with a similar set of complaints.

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