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HKMA's update on the operation of the banking system and financial market

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA) spokesman said, as at 6pm today (October 3), the Hong Kong dollar, RMB, US dollar and Euro Real Time Gross Settlement (RTGS) systems recorded a total turnover equivalent to HK$795 billion. The turnover was lower than usual mainly due to a significant drop in turnover in the RMB RTGS system today, which is a Mainland China holiday.

     According to the reports to the HKMA from banks as at 4.30pm today, despite continued decrease in the number of affected bank branches for most of the day, 15 branches of 12 banks remained temporarily closed at present. This was because three additional branches in Mongkok and one in Causeway Bay involving two banks were closed at around 4pm in view of the latest situations there. Customers should pay attention to the announcements by the relevant banks. The HKMA will also publish relevant updates from time to time.

Ends/Friday, October 3, 2014
Issued at HKT 19:33


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