Hedge Fund Reader : BOC to Offer Hedge Funds

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January 09, 2006

BOC to Offer Hedge Funds

Bank of China (BOC) has reportedly outlined plans to introduce hedge funds into the market in order to speed up its forthcoming Hong Kong listing. The Chinese bank is yet to submit its Initial Public Offering (IPO) application to the Stock Exchange of Hong Kong. Tmcnet reports:

Although the third-largest Chinese lender once refused to talk with hedge funds, it has recently nodded Oaktree Capital Management and Och-Ziff Capital Management, said an insider familiar with the affair. BOC have required the two hedge funds not to sell the stake bought within three years, said local reports.

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January 9, 2006 in Emerging Markets | Permalink