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 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
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

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 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
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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Enoch Yiu

Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is the author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.