The Hang Seng Index reached a high of 16,460.5 on August 11, 1997 and had plunged to close at 9,059.9 by October 28. Investors at a bank at Lok Fu on October 22, 1997. Photo: Edward Wong
David Dodwell
Opinion

Opinion

Outside In by David Dodwell

The crash of ‘97 taught us we won’t see the next one coming

‘We have had two ‘once-in-a-lifetime’ crises in the past two decades, and a third in the next couple of years cannot be ruled out’

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The Hang Seng Index reached a high of 16,460.5 on August 11, 1997 and had plunged to close at 9,059.9 by October 28. Investors at a bank at Lok Fu on October 22, 1997. Photo: Edward Wong
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