Now is the Time to Rethink Banking Transformation

Cover Story

Now is the Time to Rethink Banking Transformation

In today’s world where change is the only constant, ongoing transformation is a survival necessity for banks and particularly more so with macro-economic headwinds blowing strongly. However incumbent institutions across the globe, including Asia-Pacific, are struggling to reconfigure their transformation initiatives to meet this necessity.

Thought Leaders

New Financial Strategies in a New Era for a New Future

Spanning over 110 years’ presence in Hong Kong, ZHANG Jun, Vice-Chairman and Chief Executive Officer of China Construction Bank (Asia) or CCB (Asia) – which originated from the Bank of Canton established in Hong Kong in 1912 – outlines how the Bank’s new financial strategies in a new era will pave the way for a new sustainable future.

Knowledge Plus

New Rules Eases Listing Path for Specialist Technology Companies

The Hong Kong Exchange and Clearing Ltd (HKEX), which runs the city’s bourse, recently added new Chapter 18C “Specialist Technology Companies” to the Main Board Listing Rules with a view to elevating Hong Kong’s position as the listing venue of choice for innovative and progressive tech companies. Effective 31 March 2023, the amended Chapter 18C listing rules enable issuers from five specific industries: next-generation information technology; advanced hardware; advanced materials; new energy and environmental protection; and new food and agriculture technologies to seek a listing on Hong Kong’s market.

GRC Corner

Stop the “Rolling Bad Apples”: Mandatory Reference Checking in the Banking Sector

The introduction of mandatory reference checking requirements aims to curb the ability of bank employees holding specified positions who have engaged in misconduct at one bank moving to another bank, known as “rolling bad apples”, without disclosing their past wrongdoing.

GRC Corner

The Future of Work Has Changed, So Should the Way Banks Use Office Space?

Worldwide, across all industries, the COVID-19 pandemic caused a seismic shift in the way that work is perceived and accomplished – the banking and finance sector was no exception. Spearheaded by major banks, while globally the finance industry has sought to rollback remote working, in Hong Kong many financial organisations are seeking to find a balance between the shift toward remote work with the value of the physical office place.

Change Horizons

Shifting Trends: Digital Transformation of the Banking Industry

Since its inception in 1994, first as Banking World and then as the renamed Banking Today in 2004, the official publication of The Hong Kong Institute of Bankers (HKIB) has consistently featured articles covering a wide spectrum of topics relevant to the Hong Kong banking and finance sector. In particular, Banking Today has closely followed the significant and often complex impact digital transformation has had on reshaping the banking and finance ecosystem.