Acting Financial Secretary Prof KC Chan has warned of volatility in the Hong Kong financial market as the US Federal Reserve ends its Quantitative Easing policy.
Speaking to the media after an event today, Prof Chan said it is too early to speculate on when the US will raise interest rates. He said the move will depend on the progress of the country's economic recovery.
Meanwhile, he said there is no launch date for Shanghai-Hong Kong Stock Connect yet; however, he hopes efforts by both sides will see it start soon.
He added that the Occupy Central movement may have affected Hong Kong's financial markets and investment confidence, however, current capital flow in Hong Kong is stable.
