I just like the image of volpunter being forced to angrily sing Gangnam Style.
just need some more time to catch up...
UK banks lose dominance, eclipsed by Chinese players
Global banks in the UK that have reduced balance sheets since the financial crisis have lost dominance, with HSBC Holdings, Barclays and Royal Bank of Scotland slipping in rankings. Industrial and Commercial Bank of China, the world's largest lender, has 462,282 employees, more than the UK banking workforce. The Telegraph (London) (tiered subscription model)(29 Jun.)
you present your usual statistical nonsenses. you ignore the stamp tax and claim day trading hk hedge fund traders make money after the stamp tax. it is a statistical impossibility but what do you care.I referred to turnover by domestic investors, but admittedly even then retail turnover in Hong Kong seems a lot lower than I thought (bit less than 50%). I think the numbers in mainland China however look quite different. Thanks for correcting me, I apparently overestimated retail participation in hk.