Yam warns investors to 'fasten safety belts'

Hong Kong Monetary Authority chief executive Joseph Yam said on Wednesday 21 February tthat he People's Bank of China's decision to raise the reserve requirement ratio on deposits will have little impact on mainland lenders.

However, Yam warned investors about the possibility of China taking further action in managing the country's monetary system.

``The central government is concerned with the matter of global economic imbalance, and the authorities are trying to tackle the problem by taking t

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