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Asia Sentinel
Hong Kong's Hot Money Problem

Hong Kong's Hot Money Problem

Our Correspondent
Dec 20, 2012
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Asia Sentinel
Asia Sentinel
Hong Kong's Hot Money Problem
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The wave of liquidity unleashed by US Federal Reserve Chairman Ben Bernanke and mimicked by central banks in Japan and the Eurozone is causing serious problems for the Hong Kong Monetary Authority, the territory's de facto central bank.

The HKMA has been working feverishly for weeks to cope with the vast amounts of hot money flowing into the territory, w…

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