HK Central Banker Sees Capital Outflows As Key Hurdle

Hong Kong Monetary Authority (HKMA) chief executive Eddie Yue Wai-man sees capital outflows and geopolitical risks as key challenges over the next few years, the South China Morning Post reported.

HKMA’s chief said the Hong Kong dollar market has already seen capital flight after the US Federal Reserve raised interest rates and the trend will continue as the world is at the beginning of a rising interest rate cycle, the report added.

Read the full report: South China Morning Post.

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Tags: Hong Kong

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.