Hot money inflow may rock markets, warns HKMA's Norman Chan

Hong Kong Monetary Authority chief executive Norman Chan Tak-lam has warned of volatile investment markets ahead, due to hot money flowing into the city.

The city's central bank has already bought US$7 billion by selling the same amount of Hong Kong dollars since mid-October, Chan said on the sidelines of an economic forum.

The authority's move was aimed at weakening the local currency.

via Business feed http://www.scmp.com/business/economy/article/1102558/hot-money-inflow-may-rock-markets-warns-hkmas-norman-chan