Financial Secretary John Tsang Chun-wah has warned of challenging conditions in the Hong Kong economy this year in light of volatile Western and Japanese markets.
Tsang also raised concern over the risk of higher inflation and asset bubbles because of hot money flows.
The United States, Europe and Japan in September last year separately issued monetary easing policies to ensure interest rates remain low and to provide money for banks to lend to business and investment. This resulted in hot money flows into Asian markets, including Hong Kong, to bet on stocks and property.
via Business feed http://www.scmp.com/business/economy/article/1122383/financial-secretary-john-tsang-says-hong-kong-economy-faces
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