Hedge fund industry in China
The hedge fund industry in China was established in the early 1990s, and has so far undergone four stages: infancy, formation, rapid expansion, and adjustment and standardization.[1]
Categories
Currently hedge funds in China fall into two categories. One is those companies backed up by the government, including brokers managing pooled property, trust and investment companies' trust and investment projects, and investment companies managing their own capital.[2] The other is private hedge funds. Under the name of "Investment Consulting Company" or "Investment Management Company", they provide management for pooled property.[3] Examples of notable private hedge funds include Greenwoods Asset Management, Hillhouse Capital, High-Flyer, Ubiquant and Lingjun Investment.
Economic growth trend
Against the background of China's fast growing economy, the number of hedge fund investors is increasing rapidly in the country, and the total amount of their wealth is increasing in step. By the end of June 2008, China's residents had RMB 19,460bn ($2,820bn) in bank deposits, of which 80% was in the name of 20% of the population.[citation needed] With such a huge amount of cash assets in hand, the wealthy's strong investment demand has provided hedge funds in China with a sufficient supply of capital. In addition, China's companies also have a huge sum of spare cash, which is also a primary source of capital for hedge funds.[4]
Data[citation needed] showed that hedge funds account for 0.6% of the GDP in the US, 0.35% in Europe, 0.2% in Asia, while only 0.1% in China. It is expected[by whom?] that China's GDP would quadruple in 10 years time and hedge funds would be about 0.4% of the country's GDP. [1] In this case, China's hedge funds would expand 12-fold, and place China second in the world for hedge fund investments.[5]
Bank deposits
Residential Bank Deposits in China 2003-2008H1
Year Residential Bank Deposits in China (billion RMB)
- 2003 10,360
- 2004 11,960
- 2005 14,110
- 2006 16,160
- 2007 17,250
- 2008H1 19,460
See also
- Asset Management Association of China
- Commodity trading in China
- Banking in China
- Financial services in China
- China Venture Capital Association
References
- ^ Flannery, Russell. "Hedge Fund Managers To Analyze Industry Trends At China Summit". Forbes. Retrieved 2019-02-18.
- ^ "Practical Law UK Signon". signon.thomsonreuters.com. Retrieved 2019-02-18.
- ^ "Hedge Fund Opportunities in China". thehedgefundjournal.com. Retrieved 2019-02-18.
- ^ "China's hedge funds find their feet". Euromoney. Retrieved 2019-02-18.
- ^ Wildau, Gabriel; Jia, Yizhen (2018-03-04). "China hedge funds suffer in debt crackdown". Financial Times. Retrieved 2019-02-18.
- v
- t
- e
- History
- Reform
- Five-year plans
- Industrial Revolution
- Iron rice bowl
- Three-anti and Five-anti Campaigns
- Great Leap Forward
- Four Modernizations
- Socialist market economy
- Deng Xiaoping's southern tour
- "Grasping the large, letting go of the small"
- Scientific Outlook on Development
- Historical GDP
- Population history
- 1949–1976 wage reform
- Industry
- Advanced materials
- Aquaculture
- Automotive
- Aviation
- Aircraft
- Aerospace
- Beer
- Biotechnology
- Business process outsourcing
- Cement
- Coffee
- Container
- Cotton
- Electric motor
- Electric power
- Electronics
- Film
- Fishing
- Gambling
- Hedge fund
- Internet
- Media
- Mining
- Mobile phone
- Online gaming
- Pearl farming
- Pharmaceuticals and pharmacy
- Publishing and academic publishing
- Radio
- Railway
- Rare earth
- Real estate
- Renewable energy
- Securities
- Sex toys
- Shipping
- Silk
- Software
- Steel
- Telecommunications
- Television
- Tourism
- Textiles
- Video gaming
- Wine
- Accounting
- Banking
- Beijing Financial Street
- Financial system
- China Banknote Printing and Minting Corporation
- China Government Guidance Fund
- China Investment Corporation
- CITIC Group
- Financial services
- Renminbi
- Foreign exchange reserve
- Hedge fund industry
- Stock Exchanges
- All-China Federation of Industry and Commerce
- All-China Federation of Trade Unions
- China Council for the Promotion of International Trade
- China Securities Regulatory Commission
- General Administration of Customs
- Ministry of Commerce
- Ministry of Finance
- Ministry of Industry and Information Technology
- National Financial Regulatory Administration
- National Bureau of Statistics of China
- National Development and Reform Commission
- National Energy Commission
- State-owned Assets Supervision and Administration Commission
- State Administration for Market Regulation
- State Administration of Foreign Exchange
- State Administration of Taxation
- Asian Infrastructure Investment Bank
- Beibu Gulf Economic Rim
- Bohai Economic Rim
- China Western Development
- Guangdong–Hong Kong–Macau Greater Bay Area
- Mainland and Hong Kong Closer Economic Partnership Arrangement
- Mainland and Macau Closer Economic Partnership Arrangement
- Northeast China Revitalization
- Pearl River Delta Economic Zone
- Regional Comprehensive Economic Partnership
- Rise of Central China Plan
- Western Taiwan Straits Economic Zone
- Yangtze River Delta Economic Zone
- Zhongyuan Economic Zone
- See also: Category
- Outline of China
- Economy of East Asia