China lets its rich invest more offshore as cash outflow fears ease

Reopening of quotas after 2-year hiatus comes as Beijing plans sweeping market opening. After a two-year wait, Chinese regulators have revived a programme allowing global asset managers including JPMorgan Chase to raise funds from Chinese onshore clients for investment in offshore hedge funds. The easing of capital controls shows how Chinese regulators are increasingly … https://on.ft.com/2q1pUGC

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