Hong Kong finance chief sees property holding up despite turmoil


Paul Chan, Hong Kong's financial secretary, posing for a photograph following a Bloomberg Television interview in Hong Kong, China, on Monday (March 2). Hong Kong will avoid the kind of property market crash that followed previous economic slumps in the finance hub, according to Chan.- Bloomberg

HONG KONG: Hong Kong will avoid the kind of property market crash that followed previous economic slumps in the finance hub, according to Financial Secretary Paul Chan.

"We do not see the risk of an off-the-grid type of downfall,” Chan said in an interview on Monday (March 2) with Bloomberg Television’s Yvonne Man.

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