China warms to CTAs, but foreigners remain wary

  China is being eyed keenly by foreign commodities trading advisers (CTAs) as a market with huge potential for generating returns, but the lack of defined regulations remains a barrier, say industry executives. “Every year I’m seeing more [foreign] CTAs coming to China and looking for access,” says Stephen Michael, principal of Stonehenge Asset Management, during a panel discussion at FOW Derivatives World Asia in a Hong Kong conference yesterday.   “It’s more exploratory, bu…