Manpower Dynamics. Data Intelligence
Banking and Finance
Banks; Deposit-taking companies; Investment and holding companies; Personal loans and related companies; Securities brokerage firms; ...
Covers :
1. Licensed banks, restricted licence banks, and representative offices of foreign banks
2. Deposit-taking companies
3. Investment and holding companies
4. Finance leasing, personal loan, mortgage, instalment credit and other credit granting
5. Securities brokerage
6. Commodity futures & precious metals brokers / dealers
7. Stock, bullion & commodity exchange and Public administration
8. Money changers & foreign exchange brokers/dealers
9. Asset Management
10. Financial institutions & financial services, n.e.c.
Year 2021 Tooltips
Employees
Managerial
0
Supervisory/ Officer
0
Clerical
0
Other Supporting Staff
0
Total
0
Managerial
0
Vacancy rate: 1.2%
Supervisory/ Officer
0
Vacancy rate: 2.0%
Clerical
0
Vacancy rate: 1.3%
Other Supporting Staff
0
Vacancy rate: 1.8%
Total
0
Vacancy rate: 1.6%
All the percentages are rounded to nearest 0.1%.
Managerial
0
Turnover rate: 6.5%
Supervisory/ Officer
0
Turnover rate: 9.3%
Clerical
0
Turnover rate: 10.2%
All the percentages are rounded to nearest 0.1%.
Monthly Income Tooltips
Note(s):
The figures did not include other supporting staff.
All the percentages are rounded to nearest 0.1%.
Monthly Income Tooltips
Note(s):
The figures did not include other supporting staff.
All the percentages are rounded to nearest 0.1%.
Monthly Income Tooltips
Note(s):
(1) The figures did not include other supporting staff.
(2) Other financial sectors referred to Investment & holding companies, Finance leasing, personal loan, mortgage, instalment credit and other credit granting, Commodity futures & precious metals brokers / dealers, Stock, bullion & commodity exchange and Public administration, Money changers & foreign exchange brokers/dealers, Financial institutions & financial services, n.e.c.
All the percentages are rounded to nearest 0.1%.
Preferred Education Tooltips
All the percentages are rounded to nearest 0.1%.
All the percentages are rounded to nearest 0.1%.
Preferred Education Tooltips
All the percentages are rounded to nearest 0.1%.
All the percentages are rounded to nearest 0.1%.
Preferred Education Tooltips
Note(s):
Other financial sectors referred to Investment & holding companies, Finance leasing, personal loan, mortgage, instalment credit and other credit granting, Commodity futures & precious metals brokers / dealers, Stock, bullion & commodity exchange and Public administration, Money changers & foreign exchange brokers/dealers, Financial institutions & financial services, n.e.c.
All the percentages are rounded to nearest 0.1%.
Note(s):
Other financial sectors referred to Investment & holding companies, Finance leasing, personal loan, mortgage, instalment credit and other credit granting, Commodity futures & precious metals brokers / dealers, Stock, bullion & commodity exchange and Public administration, Money changers & foreign exchange brokers/dealers, Financial institutions & financial services, n.e.c.
All the percentages are rounded to nearest 0.1%.
Recruitment Difficulties
1st
Lack of candidates with relevant experience and training
2nd
Working conditions/ remuneration package could not meet recruits' expectation
3rd
Insufficient graduates in relevant disciplines (e.g. Business Administration, Banking and Finance, etc.) from tertiary institutions
Manpower Demand
Average Annual Growth
0
2021
Actual
0
2025
Forecast
0
Note(s):
(1) The figures included employees and vacancies.
(2) The figures did not include other supporting staff.
(3) The manpower forecast is based on the statistical modelling of relevant economic indicators which reflect important changes in the local economy, demography and labour market.
All the percentages are rounded to nearest 0.1%.
Report
- Banking and Finance
- 2021 Manpower Survey Report
FinTech and the Way Ahead
Financial institutions should adopt FinTech and relevant technologies to better target different customer segments which results in enhanced customer experience. During the process of digital transformation, a new set of competencies is highly demanded. Practitioners need to reskill or upskill themselves in order to keep abreast of the latest development. In order to master the application of emerging technologies, the workforce needs to be tech-savvy. While FinTech is developing at a very fast pace, issues like data privacy and cybersecurity cannot be neglected.
- Banking and Finance
- 2023 Manpower Update Report
The Changing Talent Needs of Banking and Finance Industry Amid Evolving Industry Dynamics
Hong Kong's banking and finance industry recovered due to its strategic position as an International Financial Centre and favorable tax system, despite challenges like banking stress, higher interest rates, and geopolitical tensions. Emerging sectors, including green finance, fintech, and virtual assets, along with the global family offices initiatives, are positioning Hong Kong as a pivotal hub for capital flows. Technological advancements, especially in fintech, reshaped banking operations through AI, blockchain, cloud computing, and big data. However, talent shortage prompted measures to attract and retain skilled professionals. Collaborative efforts between Hong Kong and Mainland offices enhanced operational efficiency. Although overall manpower demand increased modestly, there was a continuous need for skilled individuals, particularly in compliance and risk management roles. Practitioners were urged to acquire cross-disciplinary skills combining banking and IT expertise. With ESG and green finance driving change, proficiency in sustainable investment strategies, climate risk assessment, ESG compliance, and green financing was crucial. Adapting to digital asset trends was also vital for competitiveness in the evolving industry landscape.
