Hong Kong Treasury Markets Summit 2024 Highlights Key Financial Innovations

Rebeca Moen Sep 27, 2024 14:26

The Treasury Markets Summit 2024, hosted by HKMA and TMA, focused on offshore renminbi business, DeFi, Metaverse, and CBDCs.

The Treasury Markets Summit 2024, jointly organised by the Hong Kong Monetary Authority (HKMA) and the Treasury Markets Association (TMA), convened on September 27 in Hong Kong, drawing over 300 local and international participants. The event focused on critical advancements in the financial sector, including offshore renminbi business, Decentralised Finance (DeFi), the Metaverse, and Central Bank Digital Currencies (CBDCs), according to HKMA.

Keynote Addresses

Mr. Eddie Yue, Chief Executive of the HKMA and Honorary President of the TMA Council, delivered the keynote address. He emphasized policy initiatives aimed at reinforcing Hong Kong's status as the world's leading offshore renminbi business hub. Meanwhile, Mr. Darryl Chan, Deputy Chief Executive of the HKMA and Chair of the TMA Executive Board, highlighted the TMA's notable achievements in his opening remarks.

Panel Discussions

The Summit featured panels on three significant topics:

• 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 the HKMA.

These panels featured distinguished guest speakers from various sectors within the financial industry, offering deep insights into each topic.

Attendance and Participation

The Summit attracted a diverse group of attendees, including treasury market practitioners, asset managers, and senior executives from banks, financial institutions, and corporations. This robust participation underscores the significance of the topics discussed and the interest in Hong Kong's evolving financial landscape.

The event not only served as a platform for discussing current trends and future developments but also reinforced Hong Kong's pivotal role in global financial markets.

Image source: Shutterstock

• hkma
• treasury markets
• finance
• defi
• cbdc