HKMA: Asia Regulators Should Stay Vigilant Over Cap Outflows
Yue, who made his comments at the Global Think Tank Summit in Beijing, said the rise in Hong Kong shares was one evidence of fund inflows.
But he cautioned investor expectations could change because the build-up of public debt in big economies like the U.S. will exert upward pressure on interest rates in the medium term and potentially hurt the economic growth of the big economies.
Such a situation in turn, Yue pointed out, would drag on the growth of export-dependent nations in Asia and trigger outflows.
-By Terence Poon, Dow Jones Newswires; 8610 6588-5848; terence.poon@dowjones.com
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Publié le 04 Juillet 2009 Copyright © 2009 Dowjones
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