That is a testament to the rising economic importance of China, Hong Kong and Taiwan in the region. It also matters greatly to the U.S., whose investment banks underwrite the largest issues and whose institutional investors buy them. China has long been the game in town from the Asian perspective. For Beijing, keeping those breathless hopes alive is key to its political stability. While it has had to react with nationalist fervour against the spy plane and Taiwan affairs, businessmen say they have had no inkling that it is being allowed to affect business ties.
China is very good at departmentalizing.
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