U.S. Hedge Fund Giant Citadel Tries to Tap Into China

What’s new: An Asian subsidiary of U.S. billionaire Ken Griffin’s hedge fund titan Citadel LLC is seeking to tap into the Chinese mainland, home to one of the world’s largest capital markets, through the Qualified Foreign Institutional Investor (QFII) program.

The subsidiary’s QFII application was received and accepted by the China Securities Regulatory Commission on Friday, the watchdog’s website shows.