The Treasury Markets Summit 2013, jointly organised by the Hong Kong Monetary Authority (HKMA) and the Treasury Markets Association (TMA), was held today (Friday) in Hong Kong.
In his keynote address to the Summit, Mr Norman Chan, Chief Executive of the HKMA, highlighted key pieces of soft infrastructure that were uniquely important to Hong Kong’s development as a competitive asset management centre. Mr Chan also remarked that the HKMA’s ongoing promotional meetings with financial institutions and asset owners, such as pension funds and sovereign wealth funds, have seen positive and promising results. He concluded that, with the fierce competition amongst financial centres, the HKMA will continue to work with the TMA and other stakeholders in the financial services industry to further bolster Hong Kong’s status as an international financial centre and the region’s premier wealth and asset management hub.
The Summit’s panels focused on various facets of Hong Kong’s asset management business, including the synergies between Hong Kong and Qianhai, the latest development of RQFII and the mutual recognition of funds between Hong Kong and the Mainland, as well as the opportunities and challenges in developing Islamic capital markets in Asia.
Speakers at the Summit included Mr Peter Pang, Deputy Chief Executive of the HKMA and Chairman of the TMA Executive Board; Mr Li Qiang, Deputy Director General, Authority of Qianhai Shenzhen-Hongkong Modern Service Industry Co-operation Zone of Shenzhen; Ms Alexa Lam, Deputy Chief Executive Officer and Executive Director of Investment Products Division and International & China, Securities and Futures Commission; Mr Xu Hao, Deputy Director-General, Department of Fund Supervision, China Securities Regulatory Commission; and Mr Bakarudin Ishak, Assistant Governor, Bank Negara Malaysia.
The Summit was attended by over 300 participants, including representatives from regulatory authorities, the Government, treasury market practitioners, asset owners and managers as well as senior executives and professionals from banks and other financial institutions from different geographic locations.
Hong Kong Monetary Authority
Treasury Markets Association
6 September 2013
Mr Norman Chan, Chief Executive of the Hong Kong Monetary Authority, gives the keynote speech at the Treasury Markets Summit 2013 held in Hong Kong.
Mr Peter Pang, Deputy Chief Executive of the Hong Kong Monetary Authority (first from left), shares his views on the latest development of the Qianhai area and the synergies and opportunities the area’s growth could bring to Hong Kong. Joining him on the panel discussion are Mr Li Qiang, Deputy Director General, Authority of Qianhai Shenzhen-Hongkong Modern Service Industry Co-operation Zone of Shenzhen (second from left), Mr Tse Yung Hoi, Chairman, BOCI-Prudential Asset Management Limited (third from left), Mr John Tan, Head, Global Markets & Co-Head Wholesale Banking, Standard Chartered Bank (Hong Kong) Limited (second from right) and Dr Wu Shangzhi, Chairman and Managing Partner, CDH Investments (first from right).