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HK financial market continues to function properly

     The Acting Financial Secretary, Professor K C Chan, said today (October 6) that HK's stock market, foreign exchange market and the financial system have continued to function properly and in good order today.

     The banking system has been functioning normally. There is ample liquidity in the banking sector, with the interbank interest rates being generally stable. The Hong Kong dollar exchange rate remains generally steady and the foreign exchange market is operating as usual. 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 17:05


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