HK central bank head discusses spotting risks

In the month that marks the 10th anniversary of the Asian financial crisis, Yam said: “Even though we all say that prevention is better than cure, we never seem to value preventive efforts, at least not as much as those spent in successfully managing a real financial crisis.”

Yam stressed that, despite Hong Kong’s relative economic health, it was important for financiers to look out for any possible shocks: “The Hong Kong economy seems to be doing well. If there are disruptions, I think it is

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