House prices (index 1986=100) 600  500  400  300  200  100  National average  Greater Stockholm  Greater Göteborg  Greater Malmö  m ar -0 6  m ar -0 4 m ar -0 5  m ar -0 2 m ar -0 3  m ar -0 0 m ar -0 1  m ar -9 8 m ar -9 9  m ar -9 6 m ar -9 7  m ar -9 4 m ar -9 5  m ar -9 2 m ar -9 3  m ar -9 0 m ar -9 1  m ar -8 8 m ar -8 9  m ar -8 6 m ar -8 7  0  Source: Statistics Sweden  4.
This broad membership makes the TMA the authoritative industry association and focal point for treasury matters in Hong Kong. I am also glad that there are four committees established to focus on the four key areas that I have spoken about. We at the HKMA consider the TMA an important new element of our financial infrastructure. We are confident that the TMA will play a pivotal role in the maintenance of the status of Hong Kong as an international financial centre. May I congratulate you all on today's inauguration a nd wish you all the very best for the future. 2  BIS Review 4/2006