The recent fall in the Hong Kong dollar is within normal range and the currency is still at half of its strongest position, Financial Secretary John Tsang says.
Speaking to reporters before departing for Beijing today to attend the Asian Infrastructure Investment Bank’s opening ceremony, he said the Government will remain vigilant as a further drop cannot be ruled out if the US interest rate hike leads to an outflow in capital.
Mr Tsang refuted criticism that the Policy Address’s repeated emphasis on the Belt & Road initiative has little to do with Hong Kong people, saying the move will be an important part of the economy.
He urged the business community to make the most of the initiative.
