Dorothy Gao

While a number of multinational companies, especially those in the banking sector have downsized their office footprints, we have observed that other companies have taken advantage of attractive rental packages and increased availability to relocate to more prestigious locations.

Despite increasing uncertainty in the global economy and financial markets, Hong Kong’s banking industry and systems remain stable. In fact, in order keep up with new trends, the Hong Kong Monetary Authority (HKMA) granted eight virtual banking licenses in 2019, bringing Hong Kong banks into the ‘neo bank era’ and leading banks to search and incorporate digital technologies, data management, and innovations into their operations and services.