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The following is issued on behalf of the Hong Kong Monetary Authority:
The Treasury Markets Summit 2013, jointly organised by the Hong Kong Monetary Authority (HKMA) and the Treasury Markets Association (TMA), was held today (September 6) in Hong Kong.
In his keynote address to the Summit, the Chief Executive of the HKMA, Mr Norman Chan, highlighted key pieces of soft infrastructure that were uniquely important to Hong Kong's development as a competitive asset management centre. Mr Chan also remarked that the HKMA's ongoing promotional meetings with financial institutions and asset owners, such as pension funds and sovereign wealth funds, have seen positive and promising results. He concluded that, with the fierce competition amongst financial centres, the HKMA will continue to work with the TMA and other stakeholders in the financial services industry to further bolster Hong Kong's status as an international financial centre and the region's premier wealth and asset management hub.
The Summit's panels focused on various facets of Hong Kong's asset management business, including the synergies between Hong Kong and Qianhai, the latest development of RQFII and the mutual recognition of funds between Hong Kong and the Mainland, as well as the opportunities and challenges in developing Islamic capital markets in Asia.
Speakers at the Summit included the Deputy Chief Executive of the HKMA and Chairman of the TMA Executive Board, Mr Peter Pang; the Deputy Director General of the Authority of Qianhai Shenzhen-Hongkong Modern Service Industry Co-operation Zone of Shenzhen, Mr Li Qiang; the Deputy Chief Executive Officer and Executive Director of Investment Products Division and International & China, Securities and Futures Commission, Ms Alexa Lam; the Deputy Director-General of Department of Fund Supervision, China Securities Regulatory Commission, Mr Xu Hao; and the Assistant Governor of Bank Negara Malaysia, Mr Bakarudin Ishak.
The Summit was attended by over 300 participants, including representatives from regulatory authorities, the Government, treasury market practitioners, asset owners and managers as well as senior executives and professionals from banks and other financial institutions from different geographic locations.
Ends/Friday, September 6, 2013
Issued at HKT 18:05
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