BGN Entrepreneur

According to people in the industry sector of hedge funds, it was revealed that China has given permission to foreign hedge funds to tap its wealthy citizens inside the country for funds to invest overseas.
This move represents another important step by China to open its capital account as a process that involves dismantling regulations separating China from international markets. The pace of these reforms has picked up over 2011 with a flurry of small initiatives. However, the move would be among the boldest.

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