Hong Kong

Greater China powerhouse HSBC wins three of Asiamoney’s awards for Hong Kong this year: best domestic bank, best investment bank and best bank for digital solutions. And for good reason. HSBC proved its mettle across a host of different business lines, despite the triple threat of the pandemic, market volatility and pressure on net interest margins.

Bank of China (Hong Kong)’s focus on corporate social responsibility dates back to 2010 when it set up an official CSR committee and put together a CSR policy. There has been no turning back since. The Hong Kong arm of one of China’s biggest banks has only strengthened its commitment to CSR over the years, and showcased its abilities during the pandemic.

Haitong International Securities

Ping An OneConnect Bank is not an obvious choice for the award for best bank for small and medium-sized enterprises in Hong Kong. It only launched in September 2020, after receiving a virtual banking licence from the Hong Kong Monetary Authority (HKMA) in May 2019. So it still has limited scale compared with traditional banks with a longer track record of operating in the city.

Gone are the days when DBS was considered just a Singapore bank or a southeast Asian leader. The firm has increasingly become a force to be reckoned with in Hong Kong too, where it has grown quickly in recent years and is set to become bigger. It is Asiamoney’s best international bank in Hong Kong in 2022.

Hong Kong’s tough line on Spacs is intended to protect investors and stop low-calibre companies from getting a listing via the backdoor. With just two Spac IPOs so far in the city, the asset class has struggled to attract the kind of enthusiasm seen in other markets such as the US.

The Hong Kong dollar’s peg to the US dollar – and the question of its survival – is once again a hot topic. But this time, the stakes are higher than ever before.

Within two years, virtual bank WeLab has quickly found its place in Hong Kong. But its chief executive says this is just the beginning of an ambitious plan to expand its foothold in Asia.

The 32nd annual Asiamoney Brokers Poll is a Vox Populi poll that identifies the leading brokerages for equities research, sales and trading in Asia. Voters are institutional investors who represent fund management firms, wealth managers, hedge funds, pension funds, and insurance companies that trade in Asia.