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The following is issued on behalf of the Hong Kong Monetary Authority:
The Treasury Markets Association (TMA), together with representatives of Hong Kong's treasury industry, participated in the Treasury Markets Forum in Qianhai, Shenzhen, today (July 19) to learn more about the opportunities brought by further and deepened co-operation between Shenzhen and Hong Kong and Qianhai's newly announced pioneering pilot policies.
Organised by the TMA, the Treasury Markets Forum attracted more than 60 participants from regulatory bodies, banks and financial institutions in both the Mainland and Hong Kong. The Chairman of the TMA Executive Board and Deputy Chief Executive of the Hong Kong Monetary Authority, Mr Peter Pang, delivered opening address for the Forum, sharing some of his insights into the co-operation between Shenzhen and Hong Kong. Furthermore, the President of the People's Bank of China Shenzhen Central Sub-branch, Mr Zhang Jianjun, spoke on the prospects and opportunities arising from Shenzhen and Hong Kong's financial co-operation, while a representative of the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone explained Qianhai's financial-innovation projects.
Excited about the strengthening of Shenzhen-Hong Kong co-operation, banking and financial sector representatives were particularly interested in the pioneering pilot policies of Qianhai. The Forum has deepened the Hong Kong treasury industry's understanding of the new policies and provided a platform for the industry to reflect its expectations for Shenzhen-Hong Kong co-operation. Mr Pang said, "One of the functions of the TMA is to assist the treasury industry in exploring market-development opportunities. The Association hopes that through the Forum, Hong Kong's treasury industry would have a better understanding of Qianhai's development plan, and that Hong Kong would be able to share with Qianhai its experience in the development of its own financial industry."
Ends/Thursday, July 19, 2012
Issued at HKT 20:06
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