Hong Kong Financial Secretary Tsang says city can cope if US fails to lift debt ceiling

Hong Kong watchdogs would be able to cope with "very bad" scenarios involving a sudden shock to the city's economy if the debt-ceiling crisis in the United States is not resolved, Financial Secretary John Tsang Chun-wah said yesterday.

via Business feed http://www.scmp.com/business/economy/article/1331834/hong-kong-financial-secretary-tsang-says-city-can-cope-if-us-fails