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On July 21st, US President Barack Obama signed into law, the biggest overhaul in decades, of the country's financial regulations. The law is deemed as a measure to call to account, the causes of the financial crisis that swept the world nearly 2 years ago. Many say it will undoubtedly change the global financial order.
After being singed into law, Wall Street transactions will now come under greater pressure and oversight. At the same time, financial products are in hot demand in China's financial market. Are financial derivatives a blessing or a curse?