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Responsibilities


Permanent Secretary for Financial Services and the Treasury         (Financial Services)
  • Head of the Financial Services Branch

 

Deputy Secretary
(Financial Services)1
  • Policy and legislation relating to the securities and futures markets
  • Policy and legislation relating to banking and monetary matters
  • Financial market development, including cooperation with the Mainland
  • Policy and legislation relating to financial infrastructure
  • Policy and legislation relating to anti-money laundering and counter financing of terrorism  


Deputy Secretary
(Financial Services)2
  • Policy and legislation relating to the insurance sector
  • Policy and legislation relating to Mandatory Provident Fund Schemes and occupational retirement schemes

 

Deputy Secretary
(Financial Services)3
  • Policy and legislation relating to companies
  • Policy and legislation relating to the accountancy sector
  • Policy and legislation relating to corporate insolvency and individual bankruptcy
  • Policy and legislation relating to trust
  • Policy and legislation relating to money lenders
  • Matters relating to the Asian Infrastructure Investment Bank and the Asian Development Bank
  • Matters relating to development of Financial Technologies

 

Division 1

Principal Assistant Secretary 
(Financial Services ) 1
  • Policy and legislation relating to the regulation of the securities and futures markets
  • Policy and matters relating to asset and wealth management
  • Co-ordination among the financial regulators on risk management matters 
  • Policy relating to investor protection and education
  • Housekeeping matters of the Securities and Futures Commission
  • Co-ordination of the operation of the Securities and Futures Appeals Tribunal and secretariat support for the Process Review Panel for the Securities and Futures Commission
  • Policy and matters relating to the Market Misconduct Tribunal

 

Division 2

Principal Assistant Secretary 
(Financial Services ) 2

  • Policy and initiatives relating to development of the markets operated by the Hong Kong Exchanges and Clearing Limited (HKEX), including Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect
  • Policy and legislation relating to regulation of the markets operated by the HKEX
  • Policy and legislation relating to infrastructure development of the HKEX
  • Liaison with the HKEX
  • Policy and legislation relating to the over-the-counter derivatives market

 

Division 3

Principal Assistant Secretary 
(Financial Services ) 3
  • Cross-boundary financial co-operation
  • Promotion of offshore RMB business in Hong Kong
  • Handling of international affairs on financial services including implementation of a resolution regime for financial institutions in Hong Kong
  • Matters relating to development of green finance

 

Division 4

Principal Assistant Secretary 
(Financial Services ) 4
  • Policy and legislation relating to accountancy sector
  • Policy and legislation relating to corporate insolvency and winding-up
  • Legislative exercise on auditor regulatory reform
  • Legislative exercise on introduction of a corporate rescue procedure
  • Liaison with the Financial Reporting Council (FRC) and the Hong Kong Institute of Certified Public Accountants, and secretariat support for the Process Review Panel for FRC

 

Division 5

Principal Assistant Secretary 
(Financial Services ) 5
  • Policy and legislation relating to banking including implementation of Basel III
  • Policy and legislation concerning bond market development and Islamic finance
  • Liaison with the Hong Kong Monetary Authority on banking, monetary and other related issues
  • Policy and legislation concerning the Deposit Protection Scheme and payment systems
  • Policy and legislation concerning corporate treasury centres
  • Policy and legislation relating to anti-money laundering and counter financing of terrorism
  • Matters relating to Hong Kong’s participation in international fora on financial services, and the Financial Action Task Force, Asia/Pacific Group on Money Laundering

 

Division 6

Principal Assistant Secretary 
(Financial Services ) 6
  • Policy and legislation relating to companies
  • Policy and legislation relating to money lenders
  • Policy and legislation relating to individual bankruptcy
  • Policy and legislation relating to trust
  • Housekeeping matters of the Companies Registry and the Official Receiver's Office
  • Matters relating to development of Financial Technologies
  • Matters relating to the Asian Infrastructure Investment Bank and the Asian Development Bank

 

Insurance & Retirement Scheme Division

Principal Assistant Secretary
(Financial Services) Insurance & Retirement Scheme
  • Policy and legislation relating to the insurance sector including the legislative exercise to provide tax incentive for deferred annuity premium
  • Establishment of a Policyholders' Protection Scheme
  • Housekeeping matters of the Insurance Authority
  • Housekeeping matters of the Census and Statistics Department

 

Mandatory Provident Fund Reform Division

Principal Assistant Secretary
(Financial Services) Mandatory Provident Fund Reform
  • Policy and legislation relating to Mandatory Provident Fund (MPF) Schemes including the development of the eMPF and other improvements to the MPF system
  • Liaison with the Mandatory Provident Fund Schemes Authority

 

 

 


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