financial times: HK exchange prepares for US bond default, China rais...

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Thursday October 10 2013

FT Trading Room

HK exchange prepares for US bond default

Possibility of a US default on short-term Treasury bonds has prompted Hong Kong's exchange to implement extra financial buffers

China raises hurdles for foreign banks

Beijing to more than triple the amount of capital that new entrants must post and limit derivatives operations of lenders already in the country

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