Chinese Hedge Funds Increased Assets by 225 Trillion Won Last Year

[Image source= Xinhua News Agency]

[Asia Economy Reporter Park Byung-hee] Bloomberg News reported on the 8th (local time), citing Chinese fund information provider Shenzhen Paiwang Investment Management, that Chinese hedge funds increased their assets by 1.3 trillion yuan (approximately 225 trillion won) last year.

It is interpreted that Chinese hedge funds attracted capital by recording outstanding returns compared to global funds last year.

According to Shenzhen Paiwang Investment Management, the average return of Chinese hedge funds last year was 30%, significantly surpassing the global fund average return of 12%. The number of Chinese funds among the best funds surged tenfold.

The number of Chinese hedge funds with assets exceeding 10 billion yuan last year more than doubled to 63. On the other hand, among 32 foreign companies operating hedge funds in China, only three increased their assets by more than 2 billion yuan.

Yan Hong, director of the Shanghai Advanced Institute of Finance (SAIF), said, "Foreign funds have a handicap in China," adding, "Due to regulatory restrictions, foreign companies have relatively small fund sizes, making it difficult for them to stand out."

This content was produced with the assistance of AI translation services.