I wouldn't worry too much about interest rates. The US debt is so large that any rise in rates (other than a token 1/2 - 1%) would bankrupt them in no time. Rates will probably stay low for years. The only real factor that will affect HK prices is how much excess liquidity is coming into the HK banking system. As long as China does not crater, that won't change much either. I don't see much of a correction in HK prices unless something completely unexpected happens. Possible...but I would bet on a slow increase over the next decade.