Hong Kong is a global financial job hub and competes with other top financial hubs like London, New York and Singapore. Hong Kong has one of the highest concentrations of banking institutions in the world.
Snapshot of Financial Sector in Hong Kong
Hong Kong has a free market economy, highly dependent on international trade and finance – the value of goods and services trade, including the sizable share of re-exports, is about four times GDP. Over 12% of the labour force are employed in Banking and Finance- related sectors. Hong Kong is the global hub for Renminbi (RMB) trade settlement, serving both local and overseas banks and companies. 92% of China’s external trade settlements in 2011 were carried out in Hong Kong.
Hong Kong’s fund management business is not only highly internationalised, but also boasts the highest assets-unde- management in Asia according to the latest survey issued by Securities and Futures Commission (SFC).
How Get a Banking or Financial Services Job in Hong Kong
The Banking & Finance job market in Hong Kong is the most straight-forward sector to crack for foreign workers, providing the job seeker has the desired experience and qualifications. Most transfer over here from their employer in their home country, but it is becoming more and more common for job seekers to make for Hong Kong independently. The best place to start looking are the global banks that are based here- 70 of the largest 100 banks in the world have an operation in Hong Kong.
To browse banking jobs in Hong Kong and other international hubs, visit Gateway Global Careers.