Annual General Meeting of the Treasury Markets Association

The Treasury Markets Association (TMA) held its Annual General Meeting today (Wednesday). At the meeting, Chairman of the Executive Board and Deputy Chief Executive of the Hong Kong Monetary Authority (HKMA) Mr Eddie Yue reported that the TMA achieved another fruitful year in 2007 in furthering its mission of promoting the professionalism and competitiveness of the treasury markets in Hong Kong.

"Capitalising on the opportunities arising from the Mainland market, the TMA took an active part in facilitating the first renminbi bond issuance in Hong Kong. We also showcased Hong Kong's treasury markets and financial infrastructure to our Mainland counterparts by organising the Treasury Markets Summit in Beijing last December. In addition, the TMA enhanced the competitiveness of the Hong Kong treasury markets by studying the potential of developing Islamic financial services in Hong Kong and promoting Hong Kong's role as a regional treasury centre," said Mr Yue.

"Going forward, the TMA will not only leverage on the Mainland's development, but will also assist the treasury market practitioners in tapping the growing Islamic financial market and other business opportunities from the region," added Mr Yue.

As at the end of 2007, the TMA had 86 institutional members including banks, investment banks, money brokers, fund management houses, major corporations, and approximately 2,000 individual members working in various segments of the treasury markets such as foreign exchange, fixed income instruments and derivatives.

Chief Executive of the HKMA Mr Joseph Yam continues to serve as the Honorary President of the Council while Mr Yue was re-elected as the Chairman of the Executive Board. The compositions of the Council and the Executive Board of the TMA are annexed.

The TMA also published its Annual Report for 2007 today. It reviews the activities and achievements of the Association during the year. The Report is available on the TMA website www.tma.org.hk.

Treasury Markets Association
30 April 2008

Annex A

Council of the TMA

Honorary President:
Mr Joseph Yam, HKMA

Ex-officio Member:
Mr Eddie Yue, HKMA

Council Members:
Mr Vincent Cheng, The Hongkong and Shanghai Banking Corporation Limited
Mr Carlos Cordeiro, Goldman Sachs (Asia) L.L.C.
Mr De Doan Tran, Societe Generale
Mr He Guangbei, Bank of China (Hong Kong) Limited
Mr Benjamin Hung, Standard Chartered Bank (Hong Kong) Limited
Dr The Hon David Li, The Bank of East Asia Limited
Mr Sim S. Lim, Citibank, N.A.
Mr Geoffrey J. Mansfield, PrimeCredit Limited
Mr Nicholas Sallnow-Smith, Standard Chartered PLC/ The Link Management Limited
Mr Martin Wheatley, Securities and Futures Commission
Mr Eiichi Yoshikawa, The Bank of Tokyo-Mitsubishi UFJ

Annex B

Executive Board of the TMA (with effect from 30 April 2008)

Chairman:
Mr Eddie Yue, HKMA

Members:
Mr Stanley Chan, HKMA
Mr Wilson Chan, Citi Private Bank
Mr Water Cheung, ABN AMRO
Ms Dai Ying, Bank of China (Hong Kong) Limited (also Chairman of External Affairs Committee)
Mr Andrew Fung, Hang Seng Bank Limited
Ms Anita Fung, The Hongkong and Shanghai Banking Corporation Limited (also Chairman of Market Development Committee)
Mr Tomohide Furukawa, The Bank of Tokyo-Mitsubishi UFJ Limited
Mr Lawrence Lam, The Royal Bank of Scotland (also Chairman of Market Practices Committee)
Mr Edmond Lau, HKMA
Mr Philip Lau, CITIC Ka Wah Bank Limited (also Chairman of Professional Membership Committee)
Mr Esmond Lee, HKMA
Mr Benny Luk, ICAP (Hong Kong) Limited
Mr Anton Martin, Standard Chartered Bank (Hong Kong) Limited
Mr Francis Ng, The Bank of East Asia Limited
Mr Peter Pao, Tullett Prebon (Hong Kong) Limited
Ms Glenda So, Goldman Sachs (Asia) LLC
Mr Eddie Tan, Citibank, N.A.
Ms Helen Wong, The Hongkong and Shanghai Banking Corporation Limited (also Chairman of Finance and Administration Committee)
Mr Peter Wong, AIG Treasury