Published:
Asset bubble could spell more problems for Hong Kong
Talk about the bad coming with the good.
The Monetary Authority warns that an asset bubble could be created in Hong Kong by an inflow of funds in the wake of massive investments into the Eurozone banking system by Asian and other banks seeking faster growth.
HKMA Chief Executive Norman Chan said abundant money supply may increase local asset prices as investors seek better returns.
He said it was hard to assess the impact locally this early since it was unclear whether the U.S. Federal Reserve would continue to increase money supply.
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