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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) spokesman said that the interbank market functioned normally in general today (September 30). HIBOR and CNH HIBOR remained steady. The banking sector has ample liquidity and has not experienced any tightness.
As at 4pm today, the Hong Kong dollar, RMB, US dollar and Euro Real Time Gross Settlement systems recorded a total transaction volume equivalent to HK$1.7 trillion, which is about normal.
As at 4pm today, a total of 33 branches of 19 banks were temporarily closed. Customers should pay attention to the announcements of relevant banks. The HKMA will also publish updated information on its website from time to time.
The coming Wednesday and Thursday (October 1 and 2) are public holiday in Hong Kong. The HKMA will closely monitor developments in the Hong Kong Dollar FX market to maintain the normal operation of the Currency Board system and the stability of the Hong Kong dollar exchange rate. We will also maintain close contact with banks and make arrangements as appropriate to ensure that the banking system will function normally after the public holiday.
Ends/Tuesday, September 30, 2014
Issued at HKT 17:44
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