You are too optimistic of Shanghai as a global financial cener. As you mention in the article Hong Kong still has the advantage of a fully convertible currency as well as rule of law. The legal system offinancial market in Shanghai is not only unreliable but also imposible in the near future to become free and open unless
china can successful transform into a mature democratic nation.Recent Chinese government measure to control information in Internet implies that Chinese government still lacks of confidence of her people and far from the possibility to transform into a free society from an authoritarian state in a foreseeable future.









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