Best bank: HSBC
In 2023, HSBC further solidified its position as Hong Kong’s best bank. Under the leadership of Luanne Lim, HSBC Hong Kong’s chief executive, the bank’s profit before tax soared to $10.7 billion, representing 80% year-on-year growth and contributing 35.3% to the group’s overall pre-tax profit.
The bank’s market penetration is unrivaled, with one in two banking customers in the territory using HSBC as their main bank and eight out of 10 millennials banking with HSBC.
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