Shanghai set out to take over from Hong Kong and I think it's done that. It's got the most amazing futuristic skyline which rivals and even betters Tokyo. ↗
... a fine way to capture a piece of the magic of a unique city. The drama, the charm and the beauty of Hong Kong is all here-just as is its breathless energy. ↗
Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent. ↗