Acting Financial Secretary Prof KC Chan has sought to allay investor panic about today's stock market plunge, saying it is "not a meltdown".
Prof Chan made it clear that Hong Kong has a very liquid market that has seen this level of volatility before and was capable of handling external shocks.
He noted that Greece's debt crisis and falls in Mainland markets are affecting the local market.
Prof Chan stressed that the trading, clearing and liquidity in the financial system were running smoothly; while the currency and interest rate markets remain relatively stable.
He said the Government will continue to monitor the market situation and urged investors to remain calm and be aware of the risks.
