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In May, dealers exhibiting contemporary art at Art HK in Hong Kong said they found buyers quickly for their best few pieces yet struggled to unload the rest.
WSJ: Christie's, Sotheby's Show Conflicting Sales
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You will recall Google announced in January it would stop censoring its searches in China, then in March pulled the plug on its Google.cn search engine and began redirecting users automatically to its uncensored Hong Kong site, google.com.hk.
FORBES: Google In China: It Doesn't Look Good
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Others are also likely saving up for next month's Art Basel, the Swiss contemporary art fair whose owner MCH Group recently bought a majority ownership stake in Art HK. (Next spring, Art HK will be renamed Art Basel Hong Kong.) The fair closes Sunday.
WSJ: Hong Kong: The Next Global Art Powerhouse
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Look for ETFs that own stocks traded in Shanghai, Hong Kong and Mexico City, since the yuan, the HK dollar and the peso have been relatively steady against the dollar.
FORBES: Magazine Article
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In May 2011 MCH Swiss Exhibition (Basel) announced that it had snapped up a controlling stake in ART HK, the biggest annual event for Hong Kong's art scene and perhaps for all of Asia's.
ECONOMIST: Asia��s rise excites the art market
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In Hong Kong, Industrial and Commercial Bank and China Construction Bank (HK: 0939) both opened 1.7% lower.
FORBES: China Banks Struggling To Give Money Away; Equities Decline