Welcome to the Homepage of the Financial Services Branch of the Financial Services and the Treasury Bureau.
Financial stability, efficiency and openness under a level playing field are core strengths of Hong Kong’s financial markets. The Financial Services Branch is committed to upholding and promoting such core strengths, as we seek to consolidate and enhance Hong Kong’s status as an international financial centre, a premier asset and wealth management centre and offshore Renminbi (“RMB”) business centre as well as an international insurance hub. While frontline market regulation is performed by independent statutory regulators, it is the Financial Services Branch’s policy responsibility to drive, facilitate and co-ordinate initiatives to ensure that the overarching framework would enhance protection for investors and promote market development in the face of global needs and local circumstances.
Our financial sector has been acknowledged by International Monetary Fund’s Financial Sector Assessment Programme to be one of the largest and most developed in the world. Our city has a vibrant stock market and has ranked first globally for six years in terms of funds raised through initial public offerings during the past decade. Moreover, Hong Kong is Asia’s leading asset and wealth management hub, with assets under management at the end of 2018 valued at about $24 trillion. Hong Kong has the world’s largest offshore pool of RMB liquidity of about RMB 660 billion as at end 2018. As the global offshore RMB business hub, Hong Kong offers a wide range of RMB denominated investment products including listed and unlisted investment funds, insurance products, currency futures, real estate investment trusts, shares and derivatives products. Hong Kong is also one of the world’s most vibrant insurance centres, with over 160 authorised insurers as at end 2018 and an annual gross premium income of the insurance industry amounting to about $532 billion in 2018.
This Homepage is designed to provide you with an overview of our organisation, policy objectives and ongoing initiatives. To take forward these initiatives, your suggestions and comments, especially on our consultation papers, are most welcome.