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Underlining the global concerns, Chief Executive Donald Tsang Yam-kuen said in Japan that the American credit injection could inflate Asian asset bubbles and trigger a repeat of the 1997-98 financial crisis.
The G20 leaders brokered a communique aimed at appeasing all parties but which may not achieve anything concrete.
The two-day G20 summit, which closed yesterday, was overshadowed by surging capital flows into emerging economies as the US Federal Reserve added US$600 billion in an attempt to reflate the American economy.
Tsang, addressing a business forum, said Hong Kong must guard against a risk of "unprecedented market turbulence".
"I am …
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