Amid the global financial turmoil caused by the U.S. and European debt crises, China recently made a high-profile announcement that it would raise 20 billion yuan from a massive sovereign bond issue in Hong Kong in mid-August. Industry insiders generally believe that this bond issue plan shows the Chinese government's determination to promote Hong Kong's social and economic development and to deepen economic and financial cooperation between the mainland and Hong Kong. Asian sovereign debt b ...

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