The government will take the necessary action and introduce measures to safeguard market stability as geopolitical hostilities escalate in the Middle East, according to Secretary for Financial Services and the Treasury Christopher Hui.

Speaking on an RTHK radio programme on Saturday, he said authorities would monitor the situation closely and respond in a timely manner, acknowledging the Middle East’s critical role in global energy supplies.

"Everyone is very concerned about the conflict in the Middle East because its continuation will have an impact on the real economy and other aspects. We are continuously monitoring this closely," Hui said.

"In fact, this moment precisely highlights Hong Kong's role as a safe harbour. From the perspective of policy foresight and stability, this is an advantage amid major global changes."

Hui also addressed the immediate impact of the Middle East conflict on financial markets, with Hong Kong stocks having experienced declines alongside other Asian markets.

He attributed this volatility to rising global uncertainty, describing the stock market as a "thermometer" that naturally reflects prevailing conditions.

Amid these challenges, Hui reaffirmed the government's commitment to its core duties.

"As the government, regardless of the changes, we must do the right thing and do what we ought to do," he said.

"This includes continuously maintaining market stability while simultaneously introducing different measures to develop our market."



Edited by Thomas McAlinden