Companies in Hong Kong are adapting to the changing global environment by focusing on three key areas: data-driven risk management and operational efficiency, strategic remit, and optimizing capital management. This was revealed in a report titled "New Realities, New Possibilities" released by DBS Bank (Hong Kong) Limited.
The report gathered insights from over 800 finance leaders across seven sectors and 14 markets. It showed a shift towards enhancing financial resilience with an emphasis on liquidity management, foreign exchange strategies, and financial intelligence for improved organizational performance.
Jolynn Wong of DBS Bank Hong Kong stated that companies are adopting agility, technology, and strategic foresight to remain competitive. Boris Chan also noted that businesses are transitioning from short-term measures to long-term planning focused on financial resilience and treasury transformation.
Survey respondents identified inflation, interest rate volatility, geopolitical tensions, supply chain disruptions, and regulatory changes as significant challenges. However, there is optimism about the opportunities presented by new technologies and sustainability initiatives.
Technological innovations such as Generative AI are being used to reshape treasury functions. The report found that 91% of firms believe AI tools can enhance working capital efficiency. Additionally, 82% see local advisory services as crucial for managing supply chain resilience.
Finance leaders in Hong Kong are expanding their roles beyond traditional responsibilities to drive strategic initiatives like sustainability and digital transformation. The report indicates a strong regional commitment to modernizing financial functions through data-driven insights.
"New Realities, New Possibilities" is part of DBS's thought leadership series aimed at helping finance professionals understand evolving demands on treasury teams.
DBS is a leading Asian financial services group with operations in 19 markets. Recognized globally for its leadership in digital banking innovation, DBS offers comprehensive consumer and corporate banking services while supporting social enterprises through the DBS Foundation.