Daily Dispatches: Hong Kong has a more developed financial market than the US or UK

Hong Kong topped the World Economic Forum’s 2011 index of financial market development, supplanting the United States and UK from the highest rankings for the first time. (Shanghai Daily)

Standard Chartered plans to increase takeover financing for Indian companies as it seeks to gain ground in mergers advisory in emerging markets on rivals weakened by Europe’s credit crisis. (Bloomberg)

You want to know where the global commodities markets are heading in the coming years? Then it’s probably best that you remember a single word: China. (Wall Street Journal)

Goldman Sachs Group and Morgan Stanley are getting a chilly reception at top colleges, including Harvard University and Princeton University, as campus offshoots of Occupy Wall Street target investment-bank recruiting events. (Business Week)

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