The Treasury Markets Forum of Hong Kong (TMF) and ACI - The Financial Markets Association of Hong Kong (ACIHK) today (Thursday) jointly announced the launch of the new membership regime of the ACIHK and new educational programmes. The TMF consists of representatives from ACIHK and other industry associations.
The introduction of the new regime aims to raise the professionalism of market practitioners, which is important against the backdrop of increasing complexity and sophistication of the financial markets. New members must obtain the requisite professional qualifications in order to be eligible for ACIHK membership, and continuous professional training is required for the annual renewal of membership.
A grandfathering scheme is available until the end of the year for market practitioners who fulfill certain requirements. The ACIHK welcomes practitioners from various treasury markets, including those engaged in foreign exchange and money market, bond market and derivative market activities, to join as members.
In connection with the new accreditation programme of the ACIHK, the Chinese University of Hong Kong and the Hong Kong University of Science and Technology will launch new certificate programes in dealing, settlement, and debt securities in the fourth quarter of 2004.
Mr Norman Chan, the Chairman of the TMF, said, "the launch of the new membership regime and educational programmes by the ACIHK marks an important milestone in the efforts to raise the professionalism of treasury market practitioners, which is crucial for Hong Kong in maintaining its competitiveness as an international financial centre."
"Our hope is that the ACIHK membership will become a benchmark of excellence - a qualification sought after by market professionals and preferred by the financial institutions in Hong Kong," Mr Horace Fan, the President of the ACIHK, said. "I would like to thank the Chinese University of Hong Kong and the Hong Kong University of Science and Technology for offering financial educational programmes."
The Treasury Markets Forum of Hong Kong
The Treasury Markets Forum of Hong Kong (TMF) was set up in March 2004 to bring together the industry associations and professionals in the treasury markets in Hong Kong, with a view to promoting co-operation and synergy to raise the professionalism of practitioners and the overall competitiveness of the treasury markets in Hong Kong. Four sub-committees are set up to assist the main committee of TMF. These are Codes and Standards Sub-Committee, Market and Product Development Sub-Committee, Professional Training and Qualifications Sub-committee, Publicity and Communications Sub-committee.
ACI - The Financial Markets Association of Hong Kong (ACIHK)
The ACI - Financial Markets Association of Hong Kong (ACIHK) was established in 1975 in the name of The Hong Kong Forex Club. Its name was changed to the Hong Kong Financial Markets Association in 1997. ACIHK is an affiliate of the global umbrella body of national financial markets associations --- ACI -The Financial Markets Association, formerly known as Association Cambiste Internationale. The management of the ACIHK is undertaken by an Executive Committee, under which there are Six Subcommittees, namely Codes and Standards Subcommittee, Education Subcommittee, Market and Product Development Subcommittee, Membership Subcommittee, Publicity and Communications Subcommittee and Sports & Recreation Subcommittee. Since its formative years, the ACIHK has evolved along its objective of developing and strengthening relationships among financial markets professionals both locally and overseas, improving market professionalism and promoting the foreign exchange and money markets in Hong Kong.
For further enquiries, please contact:
Hong Kong Monetary Authority
Jasmin Fung, Manager (Press), at 2878 8246 or
Kevin Ip, Manager (Press), at 2878 1687
ACI-The Financial Markets Association of Hong Kong
Sandy Yip, Secretariat, at 2543 7668
The Treasury Markets Forum of Hong Kong
ACI-The Financial Markets Association of Hong Kong
14 October 2004
