Role of Financial Secretary

The Financial Secretary, who reports directly to the Chief Executive, is
responsible for the government's fiscal and economic policies and
regularly attends meetings of the Executive and Legislative Councils. As
the government official with primary responsibility for Hong Kong's
fiscal, monetary and economic policies, the Financial Secretary oversees
the operations of the Finance, Financial Services, Trade and Industry,
Economic Services, and Works Bureaux of the Government Secretariat,
and the Hong Kong Monetary Authority. He also chairs the Exchange
Fund Advisory Committee.

The Financial Secretary is responsible under the Public Finance Ordinance
for laying before the legislature each year the government's estimates of
revenue and expenditure. He delivers the annual budget speech, outlining
the government's budgetary proposals and moving the adoption of the
Appropriation Bill, which gives legal effect to the annual expenditure
proposals contained in the budget.

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