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HKMA's update on the operation of the banking system and financial market
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The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authorityˇ@(HKMA) spokesman said that yesterday (September 29) the banking system and financial market functioned normally.

     On currency, Hong Kong dollar eased somewhat and closed at 7.7697 per US dollar during the New York trading hours last night. It slightly strengthened to 7.7650 level at Hong Kong market opening today (September 30).  Trading has been normal. There is ample liquidity in the banking system.  The interbank rates are at similar levels as last week. The Real Time Gross Settlement (RTGS) systems and the Central Moneymarkets Unit operated normally.  The four RTGS systems (Hong Kong dollar, RMB, US dollar and Euro) recorded a total turnover equivalent to HK$2 trillion.

     Today being quarter end and in anticipation of the National Day Golden Week starting tomorrow, the HKMA has earlier requested banks to step up liquidity management.  The HKMA is also prepared to inject Hong Kong dollar and RMB liquidity into the banking system as and when necessary.

     According to the reports to the HKMA from banks as at 9am today, a total of 37 branches or offices of 21 banks are affected and temporarily closed. Furthermore, due to the interruption to the normal distribution of bank notes and cheque clearing operations in the affected areas, temporary suspension of ATMs services (including cash withdrawal and deposit, and cheque deposit) in those areas is expected. Customers should pay attention to the situation and contact the relevant banks for assistance if necessary. The HKMA will also publish updated information on its website from time to time.

Ends/Tuesday, September 30, 2014
Issued at HKT 10:13

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