The data show the net outflow of funds from Hong Kong’s financial system came to HK$163.5 billion (US$20.97 billion). Photo: Bloomberg The data show the net outflow of funds from Hong Kong’s financial system came to HK$163.5 billion (US$20.97 billion). Photo: Bloomberg
The data show the net outflow of funds from Hong Kong’s financial system came to HK$163.5 billion (US$20.97 billion). Photo: Bloomberg

HKMA insists Hong Kong’s political crisis has not sparked capital flight even as data shows spike in funds leaving

  • Government data showed the net outflow from Hong Kong was HK$163.5 billion in Q3, much higher than in previous quarters
  • But Howard Lee, the HKMA’s deputy chief executive, says the underlying numbers show there is no need for concern

Topic |   Hong Kong Monetary Authority (HKMA)
The data show the net outflow of funds from Hong Kong’s financial system came to HK$163.5 billion (US$20.97 billion). Photo: Bloomberg The data show the net outflow of funds from Hong Kong’s financial system came to HK$163.5 billion (US$20.97 billion). Photo: Bloomberg
The data show the net outflow of funds from Hong Kong’s financial system came to HK$163.5 billion (US$20.97 billion). Photo: Bloomberg
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