Financial news
Written by: Jingjing He
2020-03-10 06:06
Last updated: 2020-03-10 06:07The Financial Secretary's Office, Chen Maobo, responded to the media that Hong Kong stocks fell correspondingly with external factors on Monday (9th). The volatility and turnover were relatively large, and their performance was consistent with the major markets in the region, but the stock, futures and derivatives markets were all in order. Local operations, the trading, settlement and risk management operations of the Hong Kong Stock Exchange are carried out in an orderly and proper manner. The SFC will also closely monitor the on- and off-exchange trading activities of the securities market to ensure that there are no abnormal trading activities and conditions of storage or market manipulation.
The Office pointed out that Hong Kong's foreign exchange market also maintained an orderly operation, and the exchange rate of Hong Kong dollar against the United States dollar has remained at a level of 7.76 to 7.79 yuan in recent months, and the two-way market transactions have proceeded normally. The banking system is also functioning normally, the bank's finances are sound, and the quality of its assets is good, and it is able to cope with changes in the economic cycle. The HKMA will continue to monitor market conditions, maintain the orderly operation of Hong Kong's currency and foreign exchange markets, and ensure local currency stability in accordance with the linked exchange rate system.
Chen Maobo