He also warns against excessive intervention in the property market
Hong Kong's Financial Secretary Henry Tang Ying-yen has pledged to maintain consistency in policies and a market-oriented economic strategy to help lure more investments to revitalise the economy.
Speaking at his first full media briefing since taking office two weeks ago, Mr Tang also warned against drastic government intervention to push up property prices.
Mr Tang, the former industrialist who was appointed minister for commerce, industry and technology in July last year, succeeded Antony Leung Kam-chung as finance chief after Mr Leung resigned following the controversy surrounding his purchase of a new car. Mr Tang's background has given rise to speculation that he might be more interventionist in his approach to reviving the economy.
Stressing that improving the business environment was one of his top-priority tasks, he stressed that the government would not change the rules of the game at will.
'Policy consistency and certainty is extremely important. When investors see the focus of government work is to boost the economy, market forces will begin to work. The government's role is to adopt relevant policies to cope with their need. These will include exploration of new markets and promotion of Hong Kong products,' he said.
