Hong Kong’s Treasury chief: Asian markets are healthier

For Prof Chan, market fluctuations in the US and Europe were caused by worries of recession and debt-settlement issues.

Secretary for Financial Services & the Treasury Prof KC Chan said markets in Asia and China are relatively healthier when compared with US and Europe.

Prof Chan told media on Friday the Government was closely monitoring the market fluctuations in US and Europe.

He believes market fluctuations in the US and Europe were due to worries of recession and debt-settlement issues. He said the markets will likely go up and down, depending on the US economic figures.

On the hacking of Hong Kong Exchanges & Clearing Limited’s news website, Prof Chan said the HKEx and Police are working on the matter. He said listed companies' information had to be distributed widely and fairly for the market's smooth function, and he hoped it would not be affected by such disruptions.

This incident had highlighted the importance of online security, he said, and he has urged the parties concerned to devote more attention to the matter.