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Treasury Markets Summit 2015 (with photos)
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The following is issued on behalf of the Hong Kong Monetary Authority:

     The Treasury Markets Summit 2015, jointly organised by the Hong Kong Monetary Authority (HKMA) and the Treasury Markets Association (TMA), was held today (September 16) in Hong Kong.  

     In his keynote address to the Summit, the Chief Executive of the HKMA, Mr Norman Chan, shared his view on the key elements for Hong Kong to remain the global hub for offshore renminbi (RMB) business.  He particularly focused on the enhancement of Hong Kong's human capital, and emphasised the importance of the banking industry adopting culture and values consistent with the goal of ensuring sustainable long term growth of the business, while not compromising the interests of their customers.  Mr Chan concluded that Hong Kong could maintain its competitive edges through continuing to make the best use of policy headroom, enhancing market infrastructure, as well as expanding and upgrading human and institutional capacity.

     The Summit's panels focused on various facets of Hong Kong's financial and treasury markets, including the meaning for the evolution of RMB from a trade currency to an investment currency, critical roles played by corporate treasury centres in the "One Belt, One Road" development and other key trends in Asia; and ways to enhance market competence and train up talents in the face of market and regulatory developments.

     Speakers at the Summit included Deputy Chief Executive of the HKMA and Chairman of the TMA Executive Board, Mr Peter Pang; Asia Pacific Tax Leader, Financial Services and Asset Management of the PricewaterhouseCoopers Limited, Mrs Florence Yip; and Chief Executive Officer of the TMA, Mr Jack Cheung.

     The Summit was attended by over 350 participants, including representatives from regulatory authorities, the Government, treasury market practitioners, asset owners and managers as well as senior executives and professionals from banks, other financial institutions and corporates from different geographic locations.

Ends/Wednesday, September 16, 2015
Issued at HKT 17:00

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