The Hong Kong Monetary Authority (HKMA) and the Treasury Markets Association (TMA) held the Treasury Markets Summit 2025 in Hong Kong, bringing together market participants for keynote and panel discussions on developments shaping treasury markets. In the keynote address, HKMA Chief Executive Eddie Yue discussed opportunities for further development of Renminbi business in Hong Kong, while Deputy Chief Executive Darryl Chan reviewed the evolution of Hong Kong’s treasury markets and the TMA’s key achievements over the past 20 years. Panel sessions covered the latest financial world order, Hong Kong’s role as a hub for corporate treasury centres, and changes brought by artificial intelligence to treasury markets. The panels were moderated by Christopher Chan, former Chief Investment Officer of the Exchange Fund Investment Office at the HKMA and former Chair of the TMA Market Practices Committee, as well as HKMA Senior Advisor Rami Hayek and HKMA Head (Banking Supervision) Alvin Li, alongside guest speakers from the financial industry and relevant sectors. The summit drew over 300 participants, including treasury market practitioners, asset managers, and senior executives and professionals from banks, financial institutions and corporates.