Oil prices are increasing and (US) consumer spending is strong.
—Joseph Yam
Those banks involved in the speculation will suffer by paying a high interest rate to get the Hong Kong dollar funding to settle the deals.
one of the rare examples of a smooth change.
It may not be fair to the public if [the fund’s investment strategy] is too conservative. Perhaps part of it could be invested in other more aggressive, higher-risk and lower- liquidity products.
The information from the two sides will create more market volatility, and it’s necessary to warn (Hong Kong) citizens of risk.
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