Billionaire investor George Soros, who has fallen foul of governments as far afield as Malaysia and Britain during a 60-year career, has praised China's system of financial regulation. But he warned that Beijing faces "exceptional difficulties" in its economic transition in the near term. Speaking in an interview, the Hungarian-American financier, 83, also cautions against "overconfidence" among Chinese officials, and advises against investors entering some of China's hottest asset markets in the short term. "I hold China's financial regulatory system in very high regard," he said in Hong Kong. Soros is perhaps ... (full story)