Treasury Markets Forum on the Latest Development of Cross-border Renminbi Business and Financial Policies concerning Qianhai

The Treasury Markets Association (TMA) conducted the Treasury Markets Forum in Shenzhen today (Thursday) for regulators and market participants from Shenzhen and Hong Kong to discuss the latest development of cross-border renminbi business and the financial policies concerning Qianhai.

More than 60 participants from the two cities were invited to attend the Treasury Markets Forum.  Mr Peter Pang, Chairman of the TMA Executive Board and Deputy Chief Executive of the Hong Kong Monetary Authority, shared his insights into the development of renminbi and asset management businesses at the Forum.   Furthermore, Ms Cui Yu, Vice President of the People's Bank of China Shenzhen Central Sub-branch and Mr Wang Jinxia, Liaison Director of the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, expounded respectively on the two-way cross-border lending arrangement and the financial policies concerning Qianhai.  Banking and financial sector representatives from Hong Kong also exchanged views on these subjects with their counterparts and regulators from the Mainland including Mr Xiao Yafei, Director of the People's Government of Shenzhen Municipality Financial Development Service Office.  Discussions were lively and participants shared their ideas enthusiastically. They were particularly interested in the arrangements concerning cross-border lending and asset management business.

This is the second Treasury Markets Forum organised by the TMA in Shenzhen. The first one was held in July last year for the Hong Kong treasury industry to discuss the prospects and opportunities arising from Shenzhen and Hong Kong’s financial cooperation and Qianhai’s pioneering pilot policies with officials of the relevant authorities and banking industry representatives from the Mainland.  As the last Forum was very effective in promoting the sharing and exchange of ideas between Hong Kong and Shenzhen, the TMA continued its effort this year in creating a platform for the discussion of subjects of common interest by organising the second Treasury Markets Forum.

Mr Peter Pang, Chairman of the TMA Executive Board said “The TMA will continue to assist the treasury industry in exploring market-development opportunities in respect of cross-border renminbi and asset management businesses.  The Association is glad to contribute to the development of financial markets in Hong Kong and Shenzhen by facilitating discussion and exchange of ideas between the two cities.”

Treasury Markets Association
21 March 2013

Mr Peter Pang, Chairman of the TMA Executive Board and Deputy Chief Executive of the Hong Kong Monetary Authority speaks at the Treasury Markets Forum

More than 60 participants from Shenzhen and Hong Kong attend the forum and share their ideas enthusiastically

From left to right:

Mr Wang Jinxia, Liaison Director of the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone; Mr Xiao Yafei, Director of the People's Government of Shenzhen Municipality Financial Development Service Office; Mr Peter Pang, Chairman of the TMA Executive Board and Deputy Chief Executive of the Hong Kong Monetary Authority; and Ms Cui Yu, Vice President of the People's Bank of China Shenzhen Central Sub-branch participate at the forum