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'Dangerous situation' for city's market: financial secretary

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Published Tue, Jun 20, 2017 · 09:50 PM

Hong Kong

HONG Kong's property market is in a dangerous situation and vulnerable to a correction, Financial Secretary Paul Chan said in an interview.

The warning comes as rate hikes by the US Federal Reserve send borrowing costs higher in Hong Kong, given the city imports US monetary policy due to its currency peg.

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