The following is issued on behalf of the Hong Kong Monetary Authority:

     The Treasury Markets Summit 2017, jointly organised by the Hong Kong Monetary Authority (HKMA) and the Treasury Markets Association (TMA), was held today (September 18) in Hong Kong. 
 
     In his keynote address to the Summit, the Chief Executive of the HKMA, Mr Norman Chan, shared his view on the importance to build "Hong Kong" as a brand for financial services.  He emphasised that building a "brand" requires good product as well as good marketing.  It is crucial that financial institutions and practitioners have to be technically competent, and also need to uphold high ethical standards in order to gain the trust and respect of customers.  He concluded that the Hong Kong financial sector, including the institutions, practitioners and regulators must work closely together to make "Hong Kong" the preferred brand in financial services in Asia.
 
     The Summit's panels focused on various facets of Hong Kong's financial and treasury markets, including the latest trend of global economic developments and regulatory changes, the opportunities arising from the opening up of Mainland China’s financial markets, and the changes brought by Fintech to treasury operations.
 
     Speakers at the Summit included Senior Executive Director of the HKMA and Chairman of TMA Executive Board, Mr Howard Lee; Chief Executive Officer, Asia Securities Industry and Financial Markets Association, Mr Mark Austen; and Asia-Pacific FinTech Leader of Ernst and Young, Mr James Lloyd.
 
     The Summit was attended by over 350 local and overseas participants, including representatives from regulatory authorities, Government officials, treasury market practitioners, asset managers as well as senior executives and professionals from banks, other financial institutions and corporates.

Ends/Monday, September 18, 2017
Issued at HKT 16:00

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