China's first hedge fund may debut in March

``The asset management arm of Shanghai-based Guotai Junan Securities Co. will launch a financial product in early March that may become China's first hedge fund, the aim of which is to hedge systematic risks on the A-share market through short-selling the country's stock index futures... The hedge fund plans to raise 300 million yuan, or 45 million U.S. dollars, initially, and the company aims to launch identical funds later to raise up to 5 billion yuan, its general manager Zhang Biao said.''