Hong Kong has faced some turbulent times during the past 15 years, notably with house prices falling close to 70% during a six-year period since 1997 and the economy contracting sharply at that time. What were the most important lessons you learnt?

This region had its share of financial turbulences in the past 15 years, particularly during the Asian Financial Crisis of 1997–98. In Hong Kong we went through almost seven years of painful economic adjustment after the bursting of the property