Financial Services and the Treasury Bureau

Financial Services and the Treasury Bureau
Financial Services and the Treasury Bureau
Traditional Chinese	財經事務及庫務局
Yale Romanization
Transcriptions
Yue: Cantonese
Yale Romanization	Chòih gīng sih mouh kahp fu mouh guhk
Jyutping	Coi2 ging1 si6 mou6 kap6 fu3 mou6 guk6

Financial Services and the Treasury Bureau
財經事務及庫務局
	Emblem of the Hong Kong SAR
Bureau overview
Formed	1 July 2002
Jurisdiction	Hong Kong Government
Headquarters	24/F, Central Government Offices, 2 Tim Mei Avenue, Tamar, Hong Kong
Minister responsible	Christopher Hui, Secretary for Financial Services and the Treasury;
Deputy Minister responsible	Joseph Chan, Under Secretary for Financial Services and the Treasury;
Bureau executives	Michelle Li, (Financial Services); Alice Lau, (Treasury);
Parent Bureau	Financial Secretary
Child agencies	Census and Statistics Department; Companies Registry (Hong Kong); Government Logistics Department; Government Property Agency; Inland Revenue Department ; ; Rating and Valuation Department; Treasury;
Website	www.fstb.gov.hk

Financial Services and the Treasury Bureau (FSTB) is a part of the thirteen policy bureaux for the Hong Kong Special Administrative Region. They are responsible for developing and executing government policy on finance and treasury. The agency was established on 1 July 2002. The current (since 1 July 2017) Secretary for Financial Services and the Treasury is Christopher Hui and the under secretary is Joseph Chan.

History[]

Financial Services Bureau was established on 1 July 1997. The previous form is Financial Services Branch under Colonial Hong Kong, headed by the Secretary for Financial Services.

Finance Bureau was established on 1 July 1997. The previous form is Finance Branch under Colonial Hong Kong, headed by the Secretary for the Treasury.

Financial Services Bureau and Finance Bureau were merged to become Financial Services and the Treasury Bureau on 1 July 2002, headed by the Secretary for Financial Services and the Treasury. A Financial Services Branch and a Treasury Branch were created within the Bureau, each headed by a permanent secretary of D8 rank on the Directorate Pay Scale.

In March 2021, the FSTB announced proposed changes to the Companies Registry, where information on companies would begin to be hidden.^[1] In response, David Webb said that such changes "will facilitate corruption, fraud and other crimes."^[1] The New York Times also said that those changes could potentially benefit Chinese Communist Party officials, as families of top officials had bought property in Hong Kong using companies.^[2]

Past Secretaries[]

British Hong Kong[]

Before 1976[]

Office Title	Officeholder	Term
Deputy Financial Secretary	Arthur Grenfell Clarke	1945–1951
	John James Cowperthwaite	1952–1961
	Charles Philip Haddon-Cave	1969–1971
	David Jeaffreson	1972–1976

After 1976[]

Office Title	Officeholder	Term	Office Title	Officeholder	Term
Secretary for Monetary Affairs		1976–1985	Deputy Financial Secretary		1976–1984^[3]
		1976–1985			1984–1987^[4]
		1985–1992		John Francis Yaxley	1987–1989^[5]
		1985–1992		Hamish Macleod	1 March 1989 – 31 March 1989
	Michael David Cartland	January 1993 – March 1993	Secretary for the Treasury	Hamish Macleod	1989–1991
		January 1993 – March 1993		Yeung Kai-yin	1991–1993
Secretary for Financial Services		1993–1995		Donald Tsang	1993–1995
Secretary for Financial Services	Rafael Hui	1995–1997		Kwong Ki Chi	1995–1997

Hong Kong SAR[]

Office Title	Officeholder	Term	Office Title	Officeholder	Term
Secretary for Financial Services	Rafael Hui	1997–2000	Secretary for the Treasury	Kwong Ki Chi	1997–1998
Secretary for Financial Services	Stephen Ip	2000–2002	Secretary for the Treasury	Denise Yue	1998–2002
Secretary for Financial Services and the Treasury	Frederick Ma	2002–2007	Under Secretary for Financial Services and the Treasury	Julia Leung	2008–2013
	Ceajer Chan	2007–2017		Julia Leung	2008–2013
	Ceajer Chan	2007–2017		James Lau	2014–2017
	James Lau	2017-2020		Joseph Chan	2017-present
	Christopher Hui	2020-		Joseph Chan	2017-present

References[]

^ ^a ^b Candice Chau (30 March 2021). "Hong Kong to block public access to private company information". Hong Kong Free Press HKFP. Retrieved 30 March 2021.
^ Stevenson, Alexandra (7 April 2021). "Hong Kong Courts the Rich as China Tightens Its Grip". The New York Times. ISSN 0362-4331. Retrieved 7 April 2021.
^ "Archived copy". Archived from the original on 31 March 2008. Retrieved 5 October 2009.{{cite web}}: CS1 maint: archived copy as title (link)
^ "Hong Kong Housing".
^ "Hong Kong Housing".

External links[]

Hong Kong SAR Financial Services and the Treasury Bureau

[:0-1] Candice Chau (30 March 2021). "Hong Kong to block public access to private company information". Hong Kong Free Press HKFP. Retrieved 30 March 2021.

[2] Stevenson, Alexandra (7 April 2021). "Hong Kong Courts the Rich as China Tightens Its Grip". The New York Times. ISSN 0362-4331. Retrieved 7 April 2021.

[3] "Archived copy". Archived from the original on 31 March 2008. Retrieved 5 October 2009.{{cite web}}: CS1 maint: archived copy as title (link)

[4] "Hong Kong Housing".

[5] "Hong Kong Housing".

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