The Government will not make any adjustment to the $12 billion target on its investment income, Acting Financial Secretary Frederick Ma says, adding it is to early to tell whether the target can be met.

Commenting the performance of Exchange Fund, Mr Ma said: "It's too early to tell because it's been only three, four months since the fiscal year started."

Responding to a question whether Hong Kong has pressure to increase the interest rate, Mr Ma said with the US interest rate on the rise, he will not be surprised to see the interest rate in Hong Kong going up.

"But the good thing is that the interest rate increase is not going to be huge. Of course, we leave it up to the banking system on how to cope with the interest rate rise."