How to prepare for a finance career in Hong Kong

By Robert Half on 3 May 2022
Estimated Read Time: 4 minutes

If you are planning to build a finance career in Hong Kong, it’s important to ensure that you understand the current trends and stay on top of the skills and experience that may give you a competitive edge.

Whether you’re about to attend a job interview or you're updating your CV, you need to be prepared to answer some questions that are becoming more common in Hong Kong for those in finance.

Here are four questions that you may face – and how you can answer them.

1. "How do we stay relevant with the rise of fintech?”

With the Nikkei reporting that financial technology (fintech) taking Asia by storm, don’t be surprised if this question pops up regularly. Hong Kong is right now caught up in the waves, eager to rival Singapore as the Asian innovation hub.

It’s important to be aware that under such a fintech-friendly climate, alternatives to traditional banks flourish, posing unique challenges to financial institutions in Hong Kong. For instance, Hong Kong-based robo-advisors such as 8 Securities and Quantifeed pose formidable competition to traditional wealth managers.

Related: Common job interview questions in Hong Kong

However, fintech can also be used to complement instead of compete against traditional financial services. Today’s customers are constantly connected and demand the same level of online connectivity from their banks. At the same time, popular online apps are constantly innovating, leading customers to expect a high level of innovation from their banks too.

If you’re asked about fintech, appreciate that this is a good opportunity to demonstrate your knowledge about a particular sector of the finance industry. While there are pros and cons, fintech innovations can help address some of the challenges faced by the industry. For instance, robo advisors can help automate administrative aspects of wealth management so that relationship managers have more time to focus on the value-added service of client advising.

Related: How to answer behavioural questions

2. "This role is only available on a contract basis – would you have an issue with that?”

With Hong Kong’s financial firms rapidly investing in new projects, questions around contract recruitment are on the rise to meet an increased need for project-specific consultants in the region. According to research by Robert Half, 49% of business leaders in Hong Kong cite new projects as a key driver of finance and accounting recruitment.

The challenge that business leaders face project-wise is that new projects don’t always create – or call for – full-time roles. For instance, finance professionals that are needed for specific projects may be out of work once the said project is complete.

If you’re asked to consider a contract role, don’t be too quick to dismiss it – it can be a blessing in disguise. Taking up interim jobs can diversify your finance career portfolio and help you upskill yourself, particularly in the area of project management - which is an in-demand skill among Hong Kong employers.

3. "How should our industry respond to cloud innovation?"

Despite being a mainstream form of tech disruption elsewhere in Asia according to the South China Morning Post, cloud computing only started to take off in Hong Kong recently.

Some notable cloud developments in Hong Kong include the launching of Aliyun, Alibaba’s cloud data centre - as well as the hosting of cloud conferences such as Trend Micro’s CLOUDSEC earlier this year.

Related: Questions to ask in an interview in Hong Kong

A Forrester study commissioned by Microsoft reports that leading Hong Kong financial institutions are ‘pragmatic but optimistic’ in their cloud adoption. Public cloud initiatives are in the near-term plans as part of digital innovation.

At the same time, technology research firm IDC estimated that total spending on cloud services in Hong Kong will reach US$685 million (HK$5.32 billion).

Cloud adoption is a question that will eventually pop up during your finance career. To answer, you need to pinpoint specific cloud solutions (as well as its risks) such as cloud security that can solve company-specific situations. Some examples of finance-specific cloud advantages include flexibility in infrastructure capacity, reduced provisioning times, and reduced time to market/value.

Related: Five interview techniques and skills

4. "What professional qualifications do you have?"

With roles in financial planning, costing, risk and compliance, and audit in demand this year, professional qualifications are the focus in Hong Kong’s finance industry. According to Robert Half’s Salary Guide, Hong Kong’s finance firms regard qualifications such as the Certified Internal Auditor (CIA) and Certified Public Accountant (CPA) as the ‘gold standard’ for most finance jobs.

Despite having the need for qualified professionals to fill in-demand jobs, Hong Kong employers still face a talent shortage in this area, with 40% of Hong Kong financial firms cite a lack of qualifications as a key hurdle in their hiring. Because of this, the question of professional qualifications can sometimes be the determinant for professionals pursuing a finance career in the region.

Related: 3 stakeholder management interview questions and answers

To secure a finance career in Hong Kong, it’s important that you invest in professional courses as part of your career development. When asked about your qualifications in a job interview/boardroom setting, list examples of how your qualifications have helped you contribute to your career in a meaningful, quantifiable way.

Face Hong Kong’s finance career challenges head-on

With the right mindset and preparation, you can demonstrate your ability to face these challenging questions head-on and build a firm foundation for your finance career.

What is key to your success is regularly researching and understanding the trends in the finance and job market to ensure you stay ahead.


Learn from Robert Half’s expert recruiters so you can build a talented team of employees or advance your career. Operating in over 300 locations worldwide, our recruitment firm in Hong Kong can provide you with assistance where and when you need it.

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