Year of the Dragon to bring stability, improvement: FS
Financial Secretary Paul Chan said on Sunday that the overall market situation is expected to be stable and improve in the Year of the Dragon.  In his official blog, Chan said there's a consensus that external interest rates have peaked, adding that even if the speed at which rates fall varies, the downward trend is helping to ease the asset market pressure.    "Last year's GDP was estimated to have grown by 3.2 percent, while the unemployment rate has been below 3 percent for seven consecutive months. Inflation has remained moderate and the nation's economy has grown steadily, which has provided a favourable environment for us to stabilise market expectations," he said. Chan said Hong Kong will focus on using innovative technology to fuel growth, implementing strategies to accelerate development in multiple areas, and discovering new potential. For example, Hong Kong is striving to be an international centre for green technology and green finance, he said, adding that planned events related to this area include the Climate Business Forum: Asia Pacific, which will be held at the end of February.