HKMA's Chan on developing Hong Kong's debt market

This co-operation turned a new page last year with the establishment of the Hong Kong Treasury Markets Forum, he said.

"With rapid financial innovations and rising demand from customers for a one-stop service, the dividing line between the traditional treasury and trading functions of a bank and other types of financial market services has become rather blurred. In other words, the treasury departments now encompass a wider variety of functions that cut across different markets, notably forex, money, debt and derivative markets. The formation of the TMF, with representatives from the HKCMA and other industry associations, offers great synergy in helping enhance the competitiveness of Hong Kong's treasury markets, thereby contributing to Hong Kong's position as the premier international financial centre in the region. In carrying out its work, the TMF focuses on the "3 P's". That is: "People", "Product" and "Profile"."

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Remarks by Norman Chan, Deputy Chief Executive, Hong Kong Monetary Authority, at the cocktail reception of HKCMA Forum 2005, Wednesday, 26 January 2005.

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