The Treasury Markets Summit 2016, jointly organised by the Hong Kong Monetary Authority (HKMA) and the Treasury Markets Association (TMA), was held today (Tuesday) in Hong Kong.
In his keynote address to the Summit, Mr Norman T.L. Chan, Chief Executive of the HKMA, shared his view on what it takes to build a “Hong Kong Brand” for financial services. He emphasised the importance of building a “Brand” that represents “quality” and “credibility”, adding that the enhancement of “quality” has become even more relevant and important in capturing opportunities arising from Mainland China’s Belt and Road Strategy and Fintech innovations. To further facilitate Fintech development in Hong Kong, Mr Chan announced that the HKMA would be launching two initiatives, namely, the Fintech Innovation Hub and Fintech Supervisory Sandbox. He concluded that the Hong Kong financial sector should also enhance the “credibility” attribute with a view to winning the trust of customers, and that the public and private sectors should join hands to accomplish these missions.
The Summit’s panels focused on various facets of Hong Kong’s financial and treasury markets, including how to sharpen Hong Kong’s unique edge in the Belt and Road Strategy, the new normal of treasury markets, and the opportunities and challenges brought by Fintech to treasury operations.
Speakers at the Summit included Mr Eddie Yue, Deputy Chief Executive of the HKMA and Director of Infrastructure Financing Facilitation Office (IFFO); Mr Rayson Chung, Managing Director, Head of Investments, Chief Investment Office, Asia Pacific of JPMorgan Chase Bank, National Association; and Mr Scott Likens, Partner, Data and Analytics Consulting Leader of the PricewaterhouseCoopers China and Hong Kong.
The Summit was attended by over 350 local and overseas participants, including representatives from regulatory authorities, the Government, treasury market practitioners, asset owners and managers as well as senior executives and professionals from banks, other financial institutions and corporates.
Hong Kong Monetary Authority
Treasury Markets Association
6 September 2016
Mr Norman T.L. Chan, Chief Executive of the HKMA, gives the welcoming remarks and keynote speech at the Treasury Markets Summit 2016 held in Hong Kong.
Mr Eddie Yue, Deputy Chief Executive of the HKMA and Director of IFFO (first from left), shares his views on sharpening Hong Kong’s unique edge in the Belt and Road Strategy. Joining him on the panel discussion are Mr Peter Burnett, Managing Director, Regional Head, Corporate Finance, Greater China & North Asia, Standard Chartered Bank (Hong Kong) Limited (second from left); Mr Francis Ho, Senior Director, Group Treasury & Project Finance, CLP Holdings Limited (third from left); Mr Julian Vella, ASPAC Head of Global Infrastructure, KPMG (third from right); Mr Peter Wong, Founding Chairman, International Association of CFOs and Corporate Treasurers (China) (second from right); and Mr Ji Yang, Managing Director, Head of Corporate Sales and Structuring, Greater China, Citi (first from right).
Mr Howard Lee, Senior Executive Director of the HKMA and Chairman of the TMA Executive Board (first from left) presents souvenirs to speakers of the panel “The new normal in treasury markets”. The panel is moderated by Mr Rayson Chung, Managing Director, Head of Investments, Chief Investment Office, Asia Pacific of JPMorgan Chase Bank National Association (second from left). The panellists are Mr Miklos Endreffy, Senior Portfolio Manager, Bank for International Settlements Asian Office (third from left); Mr Michael Go, Head of FX Market Development – Asia Pacific, Thomson Reuters (third from right); Mr David Ngai, Deputy APAC Head of Compliance and APAC Head of FX and Swap Dealer Compliance, Global Markets, State Street Bank and Trust Company (second from right); and Mr Bryan Wong, Managing Director, Head of Balance Sheet Management Hong Kong, Global Banking and Markets, The Hongkong and Shanghai Banking Corporation Limited (first from right).