Chen Maobo, the director of the Hong Kong Financial Secretary, believes that as long as the financial system's hidden dangers are not caused, property prices are appropriate to adjust from market.
Chen Maobo said on Sunday (October 29) on a Hong Kong commercial radio program that Hong Kong still has to continue to increase land to increase house supply and support investment promotion and industrial development.
He believes that the current property price will be adjusted in order and declines from a high level. As long as it does not cause hidden dangers of the financial system, the risk or confidence crisis of the banking system, it is suitable for market adjustment.
Chen Maobo also said that he hopes that the capital investor entry plan launched by the policy report can attract higher -end and strong capital investors, bring funds to Hong Kong, and welcome entrepreneurs and entrepreneurs to settle in Hong Kong.
