The Hong Kong Treasury Markets Association (TMA) will help treasury market practitioners tap the growing Islamic financial market and other regional business opportunities, according to Hong Kong Monetary Authority Deputy Chief Executive Eddie Yue.
Speaking at the association's annual general meeting on 30th April, Mr Yue revealed that 2007 was a fruitful year for the body, which actively facilitated the first renminbi bond issuance in Hong Kong, and organised the Treasury Markets Summit in Beijing in December.
He noted that the Association has enhanced market competitiveness by studying the potential of developing Islamic financial services, and promoting Hong Kong's role as a regional treasury centre.
The mission of the TMA is to further promote the professionalism and competitiveness of the treasury markets in Hong Kong, by developing appropriate codes and standards for the treasury markets, promoting market and product development, enhancing the professionalism of market practitioners, and promoting the profile of Hong Kong as the preferred hub for treasury market businesses in the Asia Pacific region.
The Association had 86 institutional members including banks, investment banks, money brokers, fund management houses, major corporations and about 2,000 individual members at the end of last year.
A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, trusts and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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