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The Financial Secretary, Mr John C Tsang, said today (September 30) that Hong Kong's stock market, foreign exchange market and financial system have continued to function normally and in good order.
"As today is the quarter end and it will be followed by two holidays, the Hong Kong Monetary Authority has made preparations to inject Hong Kong dollar and Renminbi liquidity into the banking system as and when necessary," Mr Tsang said.
On the whole, the financial market and the banking system are operating smoothly. The Hong Kong dollar exchange rate remains generally steady and the foreign exchange market is operating as usual. There is ample liquidity in the interbank markets, with interbank rates remaining at levels similar to those last week. The Real Time Gross Settlement systems and the Central Moneymarkets Unit also continue to function normally.
Up till now, the Securities and Futures Commission is not aware of any major issues so far. All insurers and Mandatory Provident Fund schemes continue to operate normally.
Ends/Tuesday, September 30, 2014
Issued at HKT 14:57
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