The following is issued on behalf of the Hong Kong Monetary Authority:

     The Treasury Markets Summit 2016, jointly organised by the Hong Kong Monetary Authority (HKMA) and the Treasury Markets Association (TMA), was held today (September 6) in Hong Kong. 
      
     In his keynote address to the Summit, the Chief Executive of the HKMA, Mr Norman Chan, 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 the Deputy Chief Executive of the HKMA and Director of the Infrastructure Financing Facilitation Office, Mr Eddie Yue; the Managing Director and Head of Investments, Chief Investment Office, Asia Pacific of JPMorgan Chase Bank, National Association, Mr Rayson Chung; and the Partner and Data and Analytics Consulting Leader of the PricewaterhouseCoopers China and Hong Kong, Mr Scott Likens.
      
     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.

Ends/Tuesday, September 6, 2016
Issued at HKT 17:05

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