JorgeStolfi
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May 12, 2014, 02:55:24 PM

http://tech.sina.com.cn/i/2014-05-12/07139373191.shtml
china has a cooler floating already
IMHO the most interesting part of rhis article is at the end, where they describe how the Chinese exchanges make money with 0% trading fees.  If I understood correctly the Google Translate gibberish, it includes (1) high interest rates in leveraged trading, (2) insider trading on their own exchanges, exploiting advance knowledge of good and bad news about regulations, and (3) doing most or all the HFT trading at their own exchanges.