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- HKMA 2026 Pay Review Approved: The Financial Secretary has approved a 2.65% fixed pay increase for HKMA staff, with an additional 1.35% set aside for high performers, reflecting a conservative but steady approach to public sector compensation. Source: HKMA Official Press Release
- Budget 2026 Boosts Retraining: The 2026 Budget has allocated HK$222 million for re-employment schemes, signaling a major push for upskilling middle-aged and elderly workers to fill labor gaps in high-demand sectors. Source: HRM Asia
- Wealth Management Hiring Surge: Global banks including UBS, Citi, BNP Paribas, and DBS are aggressively expanding their private banking teams in HK. UBS aims to hire ~50 private bankers this year, while BNP Paribas targets a 10-20% increase in Greater China relationship managers to capture the US$1 trillion private wealth market. Source: The Edge Singapore
- Insurance Sector Expansion: Driven by high-net-worth client demand and health/wellness services, HK's insurance sector is seeing steady hiring. Top roles like Chief Risk Officers and Chief Actuaries are seeing record pay packages (up to HK$3M), with mid-level actuarial and compliance talent in short supply. Source: Insurance Asia
- Crypto.com Workforce Realignment: The Hong Kong-founded exchange is reducing its workforce by 12% (~180 employees) as part of a shift toward "enterprise-wide AI integration," targeting roles that do not adapt to the new AI-driven operational model. Source: The Block
- Debt Restructuring Breakthroughs: The Hong Kong Companies Court has sanctioned a US$14.5 billion offshore debt restructuring for Country Garden, signaling a major step in resolving the liquidity crisis for Mainland developers and stabilizing the local financial services and legal sectors. Source: Des Voeux Chambers