Policy Programme

The Financial Services Branch aims to:

• maintain and enhance Hong Kong’s status as a major international financial centre;
• maintain the integrity and stability of the financial system of Hong Kong;
• ensure orderly and efficient operation as well as prudent and appropriate regulation of the financial markets; and
• provide a business environment which is open, fair and conducive to financial market developments.

The Branch seeks to achieve the above aims through:

• formulating policies and/or introducing legislative proposals covering the banking system; securities and futures market; asset and wealth management sector; insurance industry; Mandatory Provident Fund (MPF) schemes and occupational retirement schemes; companies, trusts, money lending, corporate insolvency, individual bankruptcy and accountancy matters; as well as financial co-operation with the Mainland;
• assisting the Financial Secretary in overseeing the relevant regulatory authorities, including the Securities and Futures Commission, the Insurance Authority, the Mandatory Provident Fund Schemes Authority and the Financial Reporting Council;
• co-ordinating and facilitating the implementation of new initiatives on financial infrastructure to enhance Hong Kong’s competitiveness;
• facilitating market innovation to deepen and broaden the market; and
• overseeing the operation of the Census and Statistics Department, the Companies Registry and the Official Receiver’s Office.