Ms Salina Yan
Permanent Secretary for
Financial Services and the Treasury
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 and make good use of Hong Kong’s connectivity with the Mainland and international market with a view to broadening and deepening our fundraising platform, further enhancing Hong Kong’s position as a centre for offshore Renminbi (“RMB”) business, asset and wealth management, insurance and risk management as well as green and sustainable finance, and promoting the development of financial technology. 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. We will also continue to leverage the enormous opportunities presented by the Guangdong Hong Kong-Macao Greater Bay Area and the Belt and Road Initiative with a view to promoting the sustainable development of local financial services industry.
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 vibrant stock market has ranked first globally for seven years in terms of funds raised through initial public offerings over the past 12 years. Moreover, Hong Kong is Asia’s leading asset and wealth management hub, with assets under management at the end of 2019 valued at about $28.8 trillion. Hong Kong has the world’s largest offshore pool of RMB liquidity of about RMB 757 billion as at end 2020. 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, stock and derivatives products. Hong Kong is also one of the world’s most vibrant insurance centres, with over 160 authorised insurers as at early 2021 and an annual gross premium income of the insurance industry amounting to about $580 billion in 2019.
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.