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.

To contact the reporter on this story: Bei Hu in Hong Kong at

To contact the editor responsible for this story: Aaron Sheldrick at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.