In a speech to the Oxford and Cambridge Society of Hong Kong, the Financial Secretary John C Tsang said that the government’s initiatives to maintain a stable property market have been fairly effective, but that it would have “no hesitation in applying further measures,” if necessary.
He considered that Hong Kong still needs to avoid the possibility of “a potentially dangerous housing bubble forming in the market,” but that it has “the financial resources and the tools at (its) disposal to achieve a positive outcome.”……………………………………….Full Article: Source