Hong Kong Monetary Authority And Treasury Markets Association: Treasury Markets Summit 2016 - Fintech Innovation Hub And Fintech Supervisory Sandbox

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.