Hong Kong Banks Face AI and Green Finance Talent Shortage Risks, HKMA Survey Finds
Hong Kong banks are set to encounter shortages in artificial intelligence (AI), green finance, and expertise linked to the Middle East and Asean markets over the next five years, according to a study by the Hong Kong Monetary Authority (HKMA).
The research, titled Capacity Building for Future Banking 2026–2030, surveyed 147 banks in the first quarter in collaboration with the Hong Kong Association of Banks (HKAB) and the Hong Kong Institute of Bankers (HKIB). More than half of respondents expressed optimism about the 2026–2030 outlook, citing technological advances and business opportunities, while 11% highlighted concerns over geopolitical pressures.
AI adoption emerged as a top priority, with 97% of banks identifying it as a major growth driver. Institutions are seeking talent capable of integrating AI into product development, client interaction, and service delivery, particularly within the wealth management sector. The study noted that success would depend on employees’ ability to harness AI effectively, rather than AI replacing human roles.
Beyond technology, banks also pointed to rising demand for professionals with expertise in the Middle East and Asean. Approximately 64% of respondents identified these regions as critical growth drivers alongside the Greater Bay Area, which 74% still view as a key engine of expansion. Knowledge of local languages, cultures, and regulatory frameworks was highlighted as essential, particularly given that Hong Kong’s trade with Gulf countries climbed 50% in the past four years, reaching US$20 billion in 2024.
Green finance also featured prominently, with nearly 90% of banks expecting sustainable finance to remain a core growth area. The industry will require professionals skilled in risk management and climate-related financing as Hong Kong strengthens its position as an international financial centre.
The HKMA stated that it will continue working with HKAB and HKIB to expand training initiatives and attract new talent, including university graduates, to ensure the sector remains competitive.
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