The Treasury Markets Association will help treasury market practitioners tap the growing Islamic financial market and other regional business opportunities, Monetary Authority Deputy Chief Executive Eddie Yue says.

Speaking at the association's annual general meeting today Mr Yue said 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 said 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 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.