Key factors that dominated 2020 such as COVID-19 pandemic and the unprecedented response by governments and central banks in terms of fiscal measures, social distancing and quantitative easing, are expected to continue in 2021. But how these driving forces will sustain or change gear in 2021 will have significant implications on the risk profile, risk appetite and strategy of financial institutions in Hong Kong.
In this 7th edition of PwC’s Regulatory Hot Issues, we focus on “Strategic Risk” as financial institutions pivot from fire-fighting mode to a growth mindset. As financial institutions shift their attention to the future, we have identified three key strategic drivers that will shape financial institutions in Hong Kong significantly in the mid- to long-term.
In this report, we discuss these three trends in-depth followed by a summary of other regulatory hot issues in Hong Kong.
Mainland China and Hong Kong Financial Services Leader, PwC Hong Kong
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