Hong Kong

The weak housing market outlook is partly to blame.

The government is implementing a revised bank resolution regime.

But potential funding volatility will come from changes in banks' loan and deposit currency mix.

The prevalence of high-LTV second mortgages increases default risks for homebuyers.

That is following a period of steady decline starting in 2014.

That is in response to the move towards more stringent regulatory requirements.

Fee income will improve in the next 12-18 months.

More than the digital products, banking executives need to focus on what their customers really want.

The banks' asset quality is expected to be resilient.

Rising private sector debt is one key risk.

He will talk about the next generation in global transaction banking at the 2017 Banking Forum.

He will join the discussion about banks and fintechs.

Rising interest rates are to blame.

The estimated trade finance gap stands at US$1.6t.

This was the fourth consecutive quarter of revenue growth year on year for Citi in Asia. Last Friday Citi globally reported 2Q results – with US$17.9bn of revenues and US$3.9bn of net income. Asia was a strong contributor to these results, with broad based growth and revenue of US$3.4bn up 4% year on year. A standout performer was Citi’s consumer bank in the region. Citi’s consumer business grew revenues by 4% during the quarter to US$1.8bn with profit up 9% year on year and 31% versus the previous quarter. Asia contributed nearly a third of all the profit generated by the bank’s consumer business in the second quarter.

He will be one of the panelists at the 2017 Banking Forum in Hong Kong. John Wong, head of global liquidity and cash management at Hang Seng Bank, has over 28 years’ experience in transaction banking. He has responsibilities across sales, product management, digital banking channel development, and client implementation. Wong has a proven track record in delivering strong and sustainable business results and has thorough knowledge on the commercial banking sectors. He possesses strong leadership and good stakeholders management skills. He has a successful career span in business transformation and managing changes effectively with multi-cultural appreciation in working with people of different nationalities and background. He worked in Standard Chartered Bank for 25 years prior to moving to his current role in Hang Seng Bank. Wong will be one of the panelists who will discuss Digital Banking vs Physical Branches at the 2017 Banking Forum in Hong Kong. What are your previous experiences and positions held that contributed to who you are as a banker/financial services expert today? My diverse background from sales and marketing, product development, electronic channel innovation and client implementation and management help me to understand our customer needs from end to end. My experience in the Hong Kong and China markets also help me to appreciate the cultural differences of customers in different continents, and to come up with solutions that best serve their needs. What are your key business philosophies? To provide a solution which addresses customer needs, rather than product driven sales. To establish long term partnerships with mutual benefits to both the customer and the bank Can you give us a glimpse of what you will share at the panel discussion at the Banking Forum in Hong Kong? What can you say about the impact of digital banking on physical bank branches in Hong Kong and in the region? The role of the branch to change from servicing into advisory. Routine day to day operational needs to be moving into digital channel gradually.