Noting the plunge in the stock market today, Secretary for Financial Services & the Treasury Prof KC Chan said Hong Kong's stock market, currency market and interest rate market are functioning smoothly.
He told the media today's volatility in the Hong Kong market was in response to the volatility in the Mainland market, as well as the Greek referendum result to reject bailout proposals, which may see the country exit the Eurozone.
He said the Government will keep monitoring market developments, adding that investors should be cautious in light of recent market volatility.