E Fund Management Co., China's second-largest asset management company, plans to start the nation's first officially registered hedge fund after the securities regulator eased rules in July.
E Fund will be able to raise money from high-net-worth individuals in separate managed accounts and use the same investment strategies as hedge funds in what the money manager with about 200 billion yuan ($29 billion) in assets says will be the first institutional hedge-fund product in China.

Middle East aviation appears to be a picture of economic health: passenger growth is up 13 per cent, compared with 4 per cent worldwide. Freight is up 10 per cent, while the rest of the world is down slightly.
The region is buying aircraft and building facilities rapidly: Middle East carriers have ordered more than 500 aircraft, of which about 120 are scheduled for delivery this year, and some $30bn is slated for investment in airport projects.

PARIS — Solar photovoltaic systems have long been painted as a clean way to generate electricity, but expensive compared with other alternatives to oil, like nuclear power. No longer.

Teaching children how to be financially savvy is almost as important as maintaining a close relationship with family, according to Bank of America Corp.