Ghost of the 1997 Crisis Stalks Hong Kong's Economy

The video discusses the Hong Kong property market, comparing current conditions to the 1997 crisis. It highlights that while property prices are high, the market lacks the mania seen in bubbles. Affordability is stretched, but low interest rates and taxes help. The HKMA is cautious about financial risks, not social affordability. Chinese investors are active in land, not housing markets.

What factors differentiate the current property market situation in Hong Kong from that of 1997?

Discuss the impact of mortgage lending levels on the current property market in Hong Kong.

How has the affordability of housing in Hong Kong changed over the years according to the discussion?

What measures has the HKMA implemented to address concerns in the property market?

How does the speaker assess the risks to the financial system related to the property market?

What role do Chinese investors play in the Hong Kong property market, according to the speaker?

What misconceptions exist regarding the influence of mainland Chinese buyers on Hong Kong property prices?