The position was created in 2022 after John Lee took office as Chief Executive.

Deputy Financial Secretary was created by 1945 during the British colonial rule.

[1] In 2022, John Lee, after being selected as the new Chief Executive, decided to install the position of Deputy Financial Secretary.

The position was officially revived on 1 July 2022 after his cabinet took office.

[2] The Deputy Financial Secretary's primary responsibility is to assist the Financial Secretary in coordinating formulation and implementation of cross-bureaux/departmental policies and supervising the policy bureaux under his charge.