Financial Secretary John Tsang Chun-wah said there had been no noticeable outflow since tapering was announced but advised Hong Kong residents to exercise prudence when taking out loans as interest rates would rise. Photo: K. Y. ChengFinancial Secretary John Tsang Chun-wah said there had been no noticeable outflow since tapering was announced but advised Hong Kong residents to exercise prudence when taking out loans as interest rates would rise. Photo: K. Y. Cheng
Financial Secretary John Tsang Chun-wah said there had been no noticeable outflow since tapering was announced but advised Hong Kong residents to exercise prudence when taking out loans as interest rates would rise. Photo: K. Y. Cheng

Warning sounded on taper outflows

HKMA reflects fears with caution to banks and investors over prospect of asset price volatility as funds exit on heels of Fed stimulus reduction

Topic |   Hong Kong Monetary Authority (HKMA)
Financial Secretary John Tsang Chun-wah said there had been no noticeable outflow since tapering was announced but advised Hong Kong residents to exercise prudence when taking out loans as interest rates would rise. Photo: K. Y. ChengFinancial Secretary John Tsang Chun-wah said there had been no noticeable outflow since tapering was announced but advised Hong Kong residents to exercise prudence when taking out loans as interest rates would rise. Photo: K. Y. Cheng
Financial Secretary John Tsang Chun-wah said there had been no noticeable outflow since tapering was announced but advised Hong Kong residents to exercise prudence when taking out loans as interest rates would rise. Photo: K. Y. Cheng
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