The Hong Kong Monetary Authority (HKMA) has said that banking system and financial market functioned normally in spite of the ongoing pro-democracy protests in the city.
On currency, Hong Kong dollar eased somewhat and closed at 7.7697 per US dollar during the New York trading hours last night. It slightly strengthened to 7.7650 level at Hong Kong market opening 30 September 2014.
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There is ample liquidity in the banking system. The interbank rates are at similar levels as last week, HKMA said in a statement.
Also, the Real Time Gross Settlement (RTGS) systems and the Central Moneymarkets Unit operated normally, the statement added.
The HKMA added that is also prepared to inject Hong Kong dollar and RMB liquidity into the banking system as and when necessary.
A total of 37 branches or offices of 21 banks are affected and temporarily closed, HKMA revealed.
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By GlobalData"Furthermore, due to the interruption to the normal distribution of bank notes and cheque clearing operations in the affected areas, temporary suspension of ATMs services in those areas is expected," HKMA said.
The agency appealed customers to pay attention to the situation and contact the relevant banks for assistance if necessary.
