Chinese quant funds set foot abroad as rules tighten at home

Chinese quant funds set foot abroad as rules tighten at home

FILE PHOTO: A Chinese flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China February 8, 2024. REUTERS/Florence Lo/File Photo

China’s data-driven quant trading funds are briskly expanding overseas as competition heats up at home and regulators tighten scrutiny of the $260 billion sector.