Hong Kong, Singapore and Australia were ranked the highest in the Heritage Foundation’s “2012 Index of Economic Freedom.”
Investor Bill Ackman is betting Hong Kong officials will upset almost 30 years of history and ease their currency’s ties to the U.S. dollar.
China Construction Bank Corp., the country’s second-largest bank, plans to sell $12.5 billion in bonds in Hong Kong during the next two years, adding to the growing market for Chinese-backed debt.
The Shanghai Exchange joined its global peers by moving to the downside Friday morning, but the losses were significantly less than those in Europe and the Western Hemisphere.
Li Ka-shing, the legendary Hong Kong billionaire who built a fortune from a plastic flower factory in the wreckage following WWII, is predicting China will be able to ease its way into a soft landing.