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Business & Finance

Financial system functioning well

(October 07, 2014)

Hong Kong's stock and foreign exchange markets are functioning well and the financial system is in good order.
This was the message from Acting Financial Secretary Prof KC Chan today, saying the Hong Kong dollar exchange rate remains generally steady and the foreign exchange market is operating as usual.
He said there is ample liquidity in interbank markets, with interbank rates remaining steady.
The Real Time Gross Settlement systems and the Central Moneymarkets Unit also continue to function normally.
The Securities & Futures Commission has not detected any major issues so far, and all insurers and Mandatory Provident Fund schemes continue to operate smoothly, he added.