Financial Hubs See an Opening Up at the Top from the Washington Post. China's advantage is it has a pile of cash, the disadvantage is lack of regulation/transparency. It's amazing that a city in China is even mentioned as a possible rival to Wall Street. There is a lot of funding inside of China and investments, but areas that need improvement rule of law (no insider trading) and stocks are less like gambling and become focused on fundamentals.

Labels: china's future