HK ATMs were backed up yeaterday, but not today.
This more a long term thing than an immediate crisis IMHO.
China’s money market liquidity ample ahead of week-long holiday
September 26
Liquidity conditions in China’s interbank money market improved toward the end of the quarter, though demand for cash picked up just days ahead of the week-long National Day holiday.
Ample conditions had prompted the People’s Bank of China (PBOC) to drain excess funds from the banking system at the end of the week, but traders expect financial institutions to have no problems meeting month-end requirements and the central bank’s quarterly health checks.
“And market sentiment was also stable following the PBOC’s continuous fund injections through 14-day reverse repos to ensure (cash conditions) after the National Day break.”
China’s markets will be closed from Oct. 1 to 7 to mark the 70th anniversary of the founding of the People’s Republic of China.