First, the current foreign exchange management system in China is the management system on capital account. The abnormal capital inflow under the capital account may not come in or detour.

一是中国目前的外汇管理体制还是对资本项目实行管理的体制，资本项目下不正常的资本流入要么进不来，要么必须绕道而行。

youdao

Firstly, China's current foreign exchange management system mainly targets at capital item, under which, deviant capital either inflows or detours.

一是中国目前的外汇管理体制还是对资本项目实行管理的体制，资本项目下不正常的资本流入要么进不来，要么必须绕道而行。

youdao

First, China's current foreign exchange management system is still the capital account management system. Abnormal capital inflows under the system either can not enter China or have to take a detour.

一是中国目前的外汇管理体制还是对资本项目实行管理的体制，资本项目下不正常的资本流入要么进不来，要么必须绕道而行。

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But the limit to such an approach lies in the imagination almost nobody dreamt of what happened to Long-Term Capital Management, the hedge fund that nearly went under last autumn.

ECONOMIST: The trader��s lament

Now Tze, Aquacopia's only full-time employee, navigates the fund, which has minority stakes in five holdings, and charges investors 2.5% on assets under management, plus a 20% cut of the capital gains.

FORBES: Magazine Article

The scandal was triggered when New York Attorney General Eliot Spitzer revealed a scheme under which Nations Funds, advised by Banc of America Capital Management, a unit of Bank of America (nyse: BAC - news - people ), permitted hedge fund Canary Capital to trade mutual fund shares at prices that had already been set at the day's close.

FORBES: States To Move Against Mutual Funds