...Council GDP Gross Domestic Product HNWI High Net Worth Individual HSBC The Hongkong and Shanghai Banking Corporation IFSL International Financial Serv... ...ed Debt Obligations (CDO) – securities based on the mortgages – to various investors across the world, including investment banks, hedge funds, insura... ...ble portions of risk were held on the books of the originating banks. Many investors bought these CDOs because they had received top AAA ratings and h... ...an to default, rating agencies downgraded their ratings of CDOs. Suddenly, investors found that they were holding devalued securities that could not b... ...also played an important role. 9 China, Japan, South Korea, Singapore and Hong Kong have been running persistent trade surpluses for many years as a ... ...played an important role. 9 China, Japan, South Korea, Singapore and Hong Kong have been running persistent trade surpluses for many years as a resul... ...specific sectors to capital controls) to regulate such flows. In May 2010, Hong Kong imposed new measures in an attempt to curb soaring real estate pr... ...fic sectors to capital controls) to regulate such flows. In May 2010, Hong Kong imposed new measures in an attempt to curb soaring real estate prices ...