Govt monitoring stock market closely

(To watch the full press conference with sign language interpretation, click here.)

Chief Executive John Lee acknowledged that while volatility in Hong Kong’s stock market will be high, investors can rest assured that the Government has a strong response plan in place for different contingencies.

Mr Lee made the remarks this morning before attending the Executive Council meeting where he stressed that the Government has been observing the market closely.

“I think everybody knows that the global economic situation is uncertain and there are many factors affecting the outlook for economies around the world.

“It is important that we all pay close attention to the development of the economic market. What is important here is for the Government to ensure that our system runs smoothly and effectively.”

The Chief Executive noted that the Government’s monitoring of the situation indicates that despite volatility in the stock market, such activities have continued to go on in an orderly and smooth manner.

“Yes, volatility will be high, but our long-tested systems and response system are in operation all the time. We have a strong response plan for different contingencies.

“The Government is very confident that the system we have in Hong Kong is effective and resilient, and we will be monitoring the situation so that we will ensure market order and market transactions will go on in accordance with what we expect.”

Mr Lee called on investors to monitor the situation closely, assess the risks and make careful decisions according to their own position.