HKMA report tells investors to brace for volatile financial cycle
The Hong Kong Monetary Authority's (HKMA) Half-Yearly Monetary and Financial Stability Report today issued a warning to investors that a bubble in the Hong Kong property market could burst at any time.
"Risks in the residential property market continue to be a major concern for macroeconomic and financial stability in Hong Kong," the central bank says. Both the HKMA and government have introduced measures in an attempt to cool the market, with the government raising stamp duty and the HKMA
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