By Daily Crux Editor Brian Hunt:
When Asian investors think safety, they think Hong Kong.
The tiny Asian banking haven has an excellent banking system... low tax rates... and a long history of respecting capitalism.
This is why an enormous amount of money is flowing into Hong Kong right now. According to a recent WSJ piece, real estate on the island is up 13% in 2009.
The benchmark stock index is up 18%. Money flows to where it is treated best...
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