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Hedge fund manager Dan Niles says he's given up on Chinese stocks for now due to regulatory crackdown

A security personnel stands guard at the opening session of Baidu's annual AI developers conference Baidu Create 2019 in Beijing, China, July 3, 2019.
Jason Lee | Reuters

Hedge fund manager Dan Niles told CNBC on Wednesday he is currently keeping China-based companies out of his stock portfolio as a result of the government's heightened regulatory crackdown.

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