Former HKMA Chief Yam Calls for Investment Stress Tests, Ming Pao Reports
Former Hong Kong Monetary Authority Chief Executive Joseph Yam said financial markets and the so- called real economy have decoupled and there is a risk of a bubble bursting, Hong Kong’s Ming Pao Daily reported today.
He urged governments, companies and individuals to conduct stress tests on their investments and assess whether they can cope with a decline in stock prices of between 30 and 40 percent and a 5 percentage point rise in interest rates, the Chinese- language report said.
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