A delegation of more than 20 hedge fund operators, government officials and representatives of business organizations spent much of Monday visiting area firms and at a reception at the Stamford branch of the University of Connecticut, discussing their desire to establish a hedge fund community in FengXian, one of 18 districts that comprise Shanghai. Greenwich could be the example that the Chinese want to emulate, according to Zhang Xiaosong, a member of the Standing Committee and vice magistrate of the Shanghai FengXian Committee of the CPC People’s Government of FengXian District Shanghai. “Shanghai wants to be an international city and a center for hedge funds,” he told an audience at the reception. “We want to know how to create a good environment to attract the financial industry.” [Advocate via Daily Intel]
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