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Protest affecting multiple sectors: FS

October 05, 2014

Although there is no data yet to assess the impact of the Occupy Central protest on the economy, Financial Secretary John Tsang says it is certainly hurting sectors like food and beverage, tourism, exhibitions and events, retail, and logistics.


Speaking before departing on his US duty visit today, Mr Tsang said as the financial sector has been preparing for Occupy Central for some time, the short-term effect is still manageable. However a prolonged movement will definitely have an adverse effect.


He said Hong Kong’s success has come from tireless effort in the past. He urged people to maintain this effort, despite the impact of the protest.


Mr Tsang said he will meet Federal Reserve Chairman Janet Yellen during his trip, to discuss interest rates and other economic and finance matters.