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Updated Tuesday, November 24, 2009 12:33 am TWN, Bloomberg

HKMA, China possibly to develop joint products

SHANGHAI -- Hong Kong and China are studying the possibility of jointly developing new financial products, Norman Chan, chief executive of the Hong Kong Monetary Authority, told reporters in Shanghai Monday after meeting with banking and financial officials in the city. He didn't provide further details. Hong Kong and Shanghai don't have a directly competitive relationship, he said.
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