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The Acting Financial Secretary, Professor K C Chan, said today (October 6) that with the implementation of contingency plans by the government bureau and departments in charge of financial matters and financial institutions, Hong Kong's stock market, foreign exchange market and financial system have continued to function normally and in good order.
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 steady. 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/Monday, October 6, 2014
Issued at HKT 13:00
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