Hong Kong Financial Secretary: The impact of the Fed's interest rate cuts still needs to be assessed

Odaily Odaily News: Hong Kong Financial Secretary Paul Chan Mo-po wrote that the comments of US Federal Reserve officials in recent months have once again raised market expectations that US interest rates will begin to fall, but when and how much interest rates will fall, as well as its impact on easing asset market pressure and local investment atmosphere, still need to be carefully assessed. Looking ahead, it is still necessary to increase economic momentum at full speed and make good arrangements for medium- and long-term development, including accelerating the development and application of innovation and technology, empowering traditional industries, and improving competitiveness through more new technology applications or innovative business models, bringing in more new customers and consumption; it also promotes the leading role of scientific research and innovation in economic development, and adds strength to Hong Kong's economy.