Norman Chan Tak-lam, chief executive of the Hong Kong Monetary Authority, has warned of a potential US$130 billion of capital outflows due to expected US interest rate rises this year. Photo: Dickson Lee
Enoch Yiu
Opinion

Opinion

White Collar by Enoch Yiu

Opinion: When the Hong Kong dollar weakens too much, bad things tend to happen

Interventions by the HKMA to defend the currency peg during a period of weakness for the Hong Kong dollar were accompanied by a sell-off in local stocks

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Norman Chan Tak-lam, chief executive of the Hong Kong Monetary Authority, has warned of a potential US$130 billion of capital outflows due to expected US interest rate rises this year. Photo: Dickson Lee
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