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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
  • Policy and initiatives relating to financial co-operation with the Mainland
  • Promotion of offshore RMB business in Hong Kong
  • Policy and legislation relating to the resolution regime for financial institutions in Hong Kong
  • Matters relating to the development of green and sustainable finance (including green/sustainable bonds)

Division 4

Principal Assistant Secretary
(Financial Services) 4
  • Policy and legislation relating to accountancy sector
  • Policy and legislation relating to corporate insolvency and individual bankruptcy
  • Housekeeping matters of the Official Receiver’s Office
  • Liaison with the Accounting and Financial Reporting Council ("AFRC") and the Hong Kong Institute of Certified Public Accountants, and secretariat support for the Accounting and Financial Reporting Review Tribunal and the Process Review Panel for AFRC

Division 5

Principal Assistant Secretary
(Financial Services) 5
  • Policy and legislation relating to banking including implementation of Basel III
  • Policy and legislation relating to Financial services involving virtual assets
  • 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, 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, including the Financial Action Task Force, Asia/Pacific Group on Money Laundering, and Asia-Pacific Economic Cooperation Finance Ministers’ Meeting

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 trust
  • Housekeeping matters of the Companies Registry
  • Matters relating to development of Financial Technologies
  • Matters relating to the Asian Infrastructure Investment Bank and the Asian Development Bank

Division 7

Principal Assistant Secretary
(Financial Services) 7
  • Policy and legislation relating to the insurance sector
  • Housekeeping matters of the Insurance Authority
  • Secretariat support for the Insurance Appeals Tribunal and the Process Review Panel for the Insurance Authority

Division 8

Principal Assistant Secretary
(Financial Services) 8
  • Policy and legislation relating to operation and non-retirement protection-related matters of Mandatory Provident Fund Schemes including the development of the eMPF Platform
  • Housekeeping matters of the Mandatory Provident Fund Schemes Authority and its subsidiary company
  • Housekeeping matters of the Census and Statistics Department