Hong Kong Treasury Markets Summit 2024: Key Financial Trends

The Treasury Markets Summit 2024, collaboratively hosted by the Hong Kong Monetary Authority (HKMA) and the Treasury Markets Association (TMA), took place on September 27 in Hong Kong, gathering over 300 participants from both local and international sectors. The focus was on vital progress in the financial industry, addressing offshore renminbi operations, Decentralised Finance (DeFi), the Metaverse, and Central Bank Digital Currencies (CBDCs), as stated by HKMA.

Keynote Addresses

Mr. Eddie Yue, the Chief Executive of HKMA and Honorary President of the TMA Council, presented the keynote speech, underlining policy strategies that enhance Hong Kong’s position as the premier offshore renminbi business center. Mr. Darryl Chan, Deputy Chief Executive of HKMA and Chair of the TMA Executive Board, also highlighted the outstanding accomplishments of the TMA in his opening address.

Panel Discussions

The Summit included discussions on three major themes:

• China Economic Outlook: Moderated by Ms. Annie Zhu, Deputy Head of RMB Business and General Manager of Global Markets at Bank of China (Hong Kong) Limited.
• Decentralised Finance (DeFi) and Metaverse: Led by Mr. Lapman Lee, Professor of Practice (ESG, FinTech, and Sustainable Finance) at the Hong Kong Polytechnic University.
• Central Bank Digital Currency (CBDC): Guided by Mr. George Chou, Chief Fintech Officer of HKMA.

These sessions featured distinguished speakers from various financial sectors, providing valuable insights on each subject.

Attendance and Participation

The Summit saw a wide range of participants, including treasury market professionals, asset managers, and top executives from banks, financial institutions, and corporations. This strong participation highlights the importance of the topics discussed and the growing interest in Hong Kong’s dynamic financial environment.

This event not only served as a venue for discussing current trends and future advancements but also reaffirmed Hong Kong’s critical role in the global financial marketplace.

Image source: Shutterstock