Financial Services and the Treasury Bureau
Encyclopedia
Financial Services and the Treasury Bureau or FSTB is a part of the twelve policy bureaux
Government agency
A government or state agency is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an intelligence agency. There is a notable variety of agency types...

 for the Hong Kong Special Administrative Region. They are responsible for developing and executing government policy on finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...

 and treasury
Treasury
A treasury is either*A government department related to finance and taxation.*A place where currency or precious items is/are kept....

. The agency is establish on 1 July 2002. The current head of the department is Chan Ka Keung
Chan Ka Keung
Professor Chan Ka-keung, SBS, JP is the Secretary for Financial Services and the Treasury, the chairman of the KCRC, and member of Hong Kong International Theme Parks Board of Directors.-Education:...

 and the under secretary is Julia Leung
Julia Leung
Julia Leung Fung-yee is one of the undersecretaries appointed by the Government of Hong Kong in 2008.-Education:Leung holds a Bachelor of Social Sciences degree from the Chinese University of Hong Kong and a Master of Science degree in journalism from the Columbia University.-Career:Leung joined...

.

History

Finance Services Bureau established on 1 July 1997. The previous form is Finance Services Branch under Colonial Hong Kong
Colonial Hong Kong
In the 19th century the British, Dutch, French, Indians and Americans saw Imperial China as the world's largest untapped market. In 1840 the British Empire launched their first and one of the most aggressive expeditionary forces to claim the territory that would later be known as Hong Kong.In a few...

.

Treasury Bureau established on 1 July 1997. The previous form is Treasury Bureau under Colonial Hong Kong
Colonial Hong Kong
In the 19th century the British, Dutch, French, Indians and Americans saw Imperial China as the world's largest untapped market. In 1840 the British Empire launched their first and one of the most aggressive expeditionary forces to claim the territory that would later be known as Hong Kong.In a few...

.

Finance Services Bureau and Treasury Bureau were merged to become Financial Services and the Treasury Bureau on 1 July 2002.

Past Secretaries

Finance Services Treasury

Financial Secretary
  • (28 August 1976 - 5 November 1985)
  • (6 November 1985 - 1992)
  • Michael David Cartland
    Michael David Cartland
    Michael David Cartland was the Secretary for Financial Services of Hong Kong during British rule in the 1990s.Cartland was required to retire in the interests of localization under the compensation scheme which applied to all expatriate non-Chinese officers with similar seniority in the run up to...

     (28 January 1993 - 31 March 1993)

Deputy Financial Secretary
  • Arthur Grenfell Clarke
    Arthur Grenfell Clarke
    Arthur Grenfell Clarke CMG was a government official in Hong Kong who rose to hold the position of Financial Secretary from 1952 to 1961. He was the first of three successive financial secretaries whose support for free market economic policies helped turn postwar Hong Kong into a thriving...

     (1945-1951)
  • John James Cowperthwaite
    John James Cowperthwaite
    Sir John James Cowperthwaite KBE CMG , was a British civil servant and the Financial Secretary of Hong Kong from 1961 to 1971...

     (- 1961)
  • Charles Philip Haddon-Cave
    Charles Philip Haddon-Cave
    Sir Charles Philip Haddon-Cave , KBE, CMG was Financial Secretary of Hong Kong from 1971 to 1981. During the period when he was in charge of the economic policy of the Hong Kong government, he adopted "positive non-interventionism" as its chief principle...

     (1969–1971)
  • David Jeaffreson
    David Jeaffreson
    David Gregory Jeaffreson, CBE, JP was a British colonial government official and civil servant. He arrived at Hong Kong in 1961 serving as Administrative Officer, and was Secretary for Economic Services and Secretary for Security in 1970s and 1980s, during which he had also been appointed as...

     (1972–1976)
  • (- 15 March 1987)
  • John Francis Yaxley
    John Francis Yaxley
    John Francis Yaxley Birmingham, England, spent his career as a civil servant in the UK Colonial Office. He was the eldest son of Canon Robert William Yaxley and Dorothy ....

     (16 March 1987 -)
  • Hamish Macleod (March 1989 - 31 March 1989)

Secretary for Finance Services under Colonial Hong Kong
Colonial Hong Kong
In the 19th century the British, Dutch, French, Indians and Americans saw Imperial China as the world's largest untapped market. In 1840 the British Empire launched their first and one of the most aggressive expeditionary forces to claim the territory that would later be known as Hong Kong.In a few...

  • Michael David Cartland
    Michael David Cartland
    Michael David Cartland was the Secretary for Financial Services of Hong Kong during British rule in the 1990s.Cartland was required to retire in the interests of localization under the compensation scheme which applied to all expatriate non-Chinese officers with similar seniority in the run up to...

     (1 April 1993 - 3 September 1995)
  • Rafael Hui
    Rafael Hui
    Rafael Hui Si-yan, GBM GBS JP was the former Chief Secretary for Administration of Hong Kong and a former career civil servant. Hui has been dubbed "Old Master Hui" and "Fat Dragon" . Hui was appointed as a Justice of the Peace on 1986 and received the honour of Gold Bauhinia Star in 1998.Hui...

     (4 September 1995 - 30 June 1997)

Secretary for the Treasury under Colonial Hong Kong
Colonial Hong Kong
In the 19th century the British, Dutch, French, Indians and Americans saw Imperial China as the world's largest untapped market. In 1840 the British Empire launched their first and one of the most aggressive expeditionary forces to claim the territory that would later be known as Hong Kong.In a few...

  • Hamish Macleod (1 Apr 1989 - 1 Apr 1991)
  • Yeung Kai Yin
    Yeung Kai Yin
    Yeung Kai Yin CBE JP was Secretary for Education and Manpower, Secretary for Transport and Secretary for the Treasury of Hong Kong. He joined the Hong Kong Government as an Administrative Officer at 1962 and retired at 1993. At 1996, he served as chairman and chief executive of Kowloon-Canton...

     (2 May 1991 - 6 May 1993)
  • Donald Tsang
    Donald Tsang
    Sir Donald Tsang Yam-kuen, GBM, KBE is the current Chief Executive and President of the Executive Council of the Government of Hong Kong....

     (7 May 1993 - 31 March 1995)
  • Kwong Ki Chi
    Kwong Ki Chi
    Kwong Ki-chi GBS was the Deputy Secretary for the Treasury, Secretary for the Treasury and Secretary for Information Technology and Broadcasting in the Hong Kong Government. He later served as the chief executive of Hong Kong Exchanges and Clearing. and he authored a report on the Chinese...

     (1 April 1995 - 30 June 1997)

Secretary for Finance Services under Hong Kong SAR
  • Rafael Hui
    Rafael Hui
    Rafael Hui Si-yan, GBM GBS JP was the former Chief Secretary for Administration of Hong Kong and a former career civil servant. Hui has been dubbed "Old Master Hui" and "Fat Dragon" . Hui was appointed as a Justice of the Peace on 1986 and received the honour of Gold Bauhinia Star in 1998.Hui...

     (1 July 1997 - 31 May 2000)
  • Stephen Ip
    Stephen Ip
    Stephen Ip, GBS, JP is a former politician in Hong Kong, he was the Secretary for Economic Development and Labour for the Hong Kong Special Administrative Region from 2002 to 2007....

     (13 June 2000 - 30 June 2002)

Secretary for the Treasury under Hong Kong SAR
  • Kwong Ki Chi
    Kwong Ki Chi
    Kwong Ki-chi GBS was the Deputy Secretary for the Treasury, Secretary for the Treasury and Secretary for Information Technology and Broadcasting in the Hong Kong Government. He later served as the chief executive of Hong Kong Exchanges and Clearing. and he authored a report on the Chinese...

     (1 July 1997) - 31 March 1998)
  • Denise Yue
    Denise Yue
    Denise Yue Chung-yee GBS JP is a Hong Kong politician and Secretary for the Civil Service.-Education:Denise Yue graduated from the University of Hong Kong in 1974 and she attended Harvard University in 1988 obtaining an MPA during her civil service career....

     (1 April 1998 - 30 June 2002)
 
Finance Services and Treasury

Secretary for Financial Services and the Treasury
  • Frederick Ma
    Frederick Ma
    Frederick Ma Si-hang , is the chairman of a China Strategic Group . As a former Secretary for Commerce and Economic Development of the Hong Kong Special Administrative Region, he was a popular figure with the public and with legislators of all parties...

     (1 July 2002 - 30 June 2007)
  • Chan Ka Keung
    Chan Ka Keung
    Professor Chan Ka-keung, SBS, JP is the Secretary for Financial Services and the Treasury, the chairman of the KCRC, and member of Hong Kong International Theme Parks Board of Directors.-Education:...

    (1 July 2007 - )

External links

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