Chinese Government: Hedge Funds Bet Here

A Chinese government think tank says that U.S. hedge funds have invested $50 billion in Chinese markets, according to the South China Morning Post. The Hong Kong-based newspaper quoted research from Zhang Yuewen at the Chinese Academy of Social Sciences that notes that hedge funds account for about one-third of the mutual fund managed assets in China. Zhang also urged the government to increase its oversight of the short-term deals made between these offshore hedge funds and Chinese investors.    The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries