Hong Kong, China's Real Stock Market, Remains Calm
Not so long ago, Hong Kong was regularly dismissed as a financial backwater -- not just internationally, but even within China. Many pundits started writing the city's obituary when Jack Ma, CEO of China's e-commerce giant Alibaba, rejected listing his company in Hong Kong, in favor of New York. And as Shanghai's stocks skyrocketed in recent months, it seemed to confirm Hong Kong's obsolescence.
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