The Hong Kong dollar continued to weaken, the Hong Kong linked exchange rate system impacted, and the Federal Reserve raised interest rates further to increase the pressure on the Hong Kong market. Norman T.L. Chan, Chief Executive of the Hong Kong Monetary Authority, has suggested that Hong Kong interest rates will gradually increase with the increase of Federal Reserve interest rate. Anbound research team has warned that Hong Kong should be alert of the arrival of the era of asset fluctuations. Long-term low interest rates, global capital surpluses and inappropriate policies have increased Hong Kong's asset prices, while the actual income of its residents has decreased. The future Hong Kong dollar rate hike will push up the cost of credit, triggering fluctuations in asset prices and impacting the stock and property markets. If the domino effect is formed, it may also evolve into a storm that would impact Hong Kong's economy.