Consider for example the recent decision of the SecuritiesandFuturesCommission of HongKong to allow shares of the United Company RUSAL to be listed on the HongKong Stock Exchange.
Asia does not even have a regional forum for the development of capital markets, though Andrew Sheng, chairman of Hong Kong's SecuritiesandFuturesCommissionand an acute observer of the region's shortcomings, proposes an Asian Financial Institute to get the discussion going.