US rate hikes will hit HK property market, says finance chief
Increase in HK interest rates will follow increase in US rates, although there's a time lag
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Hong Kong
HONG Kong's finance chief Paul Chan on Monday warned that US Federal Reserve interest rate hikes could eventually negatively impact the city's property market.
Mr Chan, speaking at the 20th Credit Suisse Asian Investment Conference held in Hong Kong, said that "faster than expected interest rate hikes" by the Fed could have a "negative impact on asset prices here in Hong Kong".
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