Hong Kong Finance Chief Assesses City's Stability Amid Global Turmoil and Oil Price Surge

Finance chief says Hong Kong remains stable as oil prices surge amid global turmoil

Hong Kong authorities are closely monitoring rising tensions in the Middle East and the resulting volatility in global oil prices, although the immediate impact on the city’s economy remains limited, the finance chief has said. Financial Secretary Paul Chan Mo-po also said on Sunday that, while international investor sentiment had been shaken by geopolitical instability, the city’s financial markets continued to operate in an “orderly and smooth” manner, with capital flows remaining stable an...

By Oscar Liu