House Price May Fall After Rate Rise: James Lau
"); jQuery("#212 h3").html("
"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1393881_1_20180430163724.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'http://news.rthk.hk/rthk/en/component/k2/1393881-20180430.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1393881-20180430.htm', 'DCS.dcsqry', '' ); } } }); }); });
2018-04-30 HKT 11:40
The Secretary for Financial Services and the Treasury, James Lau, has warned that home prices may not keep going up, even as government data released on Monday showed another rise.
The latest data showed that flat prices in Hong Kong hit a new record for the 17th straight month.
But in an exclusive interview with RTHK, Lau said the public need to be careful about a reversal of the property market, noting that interest rates are expected to go up in the second half of this year.
He also stressed that the government doesn't plan to remove the measures it introduced to cool property prices, as that may cause further speculation and drive up prices.
During the interview, the secretary also played down recent fluctuation of the local currency. The Monetary Authority recently had to pump in some HK$50 billion to stabilise the Hong Kong dollar, as the currency kept reaching the lower band of its peg against the US dollar.
Lau said people don't have to be worried about the outflow of money and said the authority has enough reserves to defend the Hong Kong dollar.
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more