Norman Chan is Chief Executive of the Hong Kong Monetary Authority (HKMA)
- capital outflows will not have a significant impact on HK meny markets
- rising interest rates a healthy development after ultra low rate environment
- HK banks expected to increase prime rate soon
More:
- HKD move on Friday will not effect the per system
- Move led by seasonal and one-off factors
(Chan didn't say also led by HKD shorts getting creamed, but it was)
