Compared with private-equity funds, hedge funds are short-term vehicles from which investors can readily withdraw their capital, usually at least once a year.
According to Xinhua, Beijing will "withdraw support for foreign capital in auto manufacturing... because of the need of the healthy development of domestic auto making".
Easy credit and a property boom have seen Ukraine's capital Kiev expand rapidly but the global downturn has seen investors and those willing to offer loans withdraw.
He confirmed that all Cypriot banks will remain closed until Thursday and that capital controls will be placed on the size and the amount of money people will be allowed to withdraw once the banks have reopened.