Financial Secretary John Tsang says he believes the market can handle a possible US interest rate hike, as it has been expecting the rise for some time.
Speaking to reporters at the airport this morning, Mr Tsang said a Hong Kong interest rate hike would depend on the balance of capital flows into the market, adding that a rate rise would affect the economy and property market.
He noted that the property supply will rise in the coming years, while a demand and supply balance is also an important factor affecting the market.
Mr Tsang also spoke about his visit to Bucharest, Romania, where he said he met with business community members and Government officials on enhancing co-operation. He noted that Bucharest is an important Belt & Road location, so it was important to establish communication with the city.
Commenting on the recent football World Cup qualifier between Hong Kong and China, Mr Tsang said he is proud of the Hong Kong team which played a good game and he believed Hong Kongers were satisfied with the match result.
