H Tang: Dubai World only causes short-term fluctuation

On the Dubai World's debt crisis, which has led to market worries about a second wave of financial tsunami, Chief Secretary Henry Tang said today that he expected the incident to only cause short-lived market fluctuation but not long-term impact.

On the market saying that still more banks had invested in Dubai World, Tang said he considered the influence to be insignificant, mainly because Asian banks generally did not regard the Middle East as their main investment market.