Hong Kong's Chief Executive John Lee Ka-chiu shows his first policy address to the press on October 18. Photo: IC

 
John Lee Ka-chiu, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), said on Tuesday at a press conference that the SAR government will closely monitor the Hong Kong stock market to ensure normal market order. 

Lee's remarks came in response to media questions about a local stock market plunge on Monday, which hit a new low in 13 years with the benchmark Hang Seng index closing at 15,180 points, plunging 6.36 percent or falling 1030.43 points on Monday. 

Lee stressed that Hong Kong will continuously maintain a focus on its local economy as the global economy is increasingly impacted by a variety of uncertainties. 

The major task for the Hong Kong SAR government is to ensure the smooth and effective operation of its financial market, trying to maintain normal market order, according to Hong Kong media dotdotnews.

Lee acknowledged that Hong Kong's stock market faced uncertainty, but emphasized that the government has been prepared to respond to different financial risks. He reminded investors to pay close attention to the market, while evaluate investment risk. 

Lee also noted on Tuesday that there are many positive comments about the performance of the SAR government and some of the measures outlined in his Policy Address, according the official website of the SAR's government.