Rules pending for new wave of China fund launches
Regulatory detail is expected soon on how sunshine-fund firms can sell traditional mutual funds. StarRock is among those already planning a new division to tap the retail market.
China’s securities regulator CSRC is being tipped to release details in months on how firms managing sunshine funds – the prototype of hedge funds in China – will be able to roll out mutual funds onshore.
Beijing StarRock Investment Management, one of the nation’s largest such firms with Rmb4 billion ($653.2 million) in AUM, says it plans to set up a mutual funds division once new regulations are in place. It is among the firms anticipating that rules will be unveiled before the e…
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