World Economy

HK Financial Market Normal

HK Financial Market NormalHK Financial Market Normal

Hong Kong’s financial market continues to function normally and is in good order despite the ongoing protests, said Acting Financial Secretary K. C. Chan. Chan said the government has implemented contingency plans that ensured smooth operation of the financial market and the banking system, Asia First reported. He said the city’s stock market, foreign exchange market and financial system remain functioning normally. Chan’s statement was supported by the Hong Kong Monetary Authority (HKMA), which said that the city’s banking system and financial market continued to function normally last week. HKMA, however, reported that seven branches of seven banks were affected and remained temporarily closed.