American ExpressAmerican ExpressAmerican ExpressAmerican ExpressAmerican Express
American Express

CFOs in HK still see Asia as powerhouse for growth and China is the key driver

According to the 9th annual American Express/CFO Research Global business and Spending Monitor, 96% of respondents expect a modest change or no growth to the economy in Hong Kong in 2016.



Although HK respondents’ economic confidence level hit four-year-low, CFOs in HK still see Asia as powerhouse for growth and China is the key driver. More than two-thirds of CFOs are still looking to expand their workforce this year. In addition, over half of the respondents are considering using temporary or contract workers to fill out the talent gap.



CFOs also shared that they are looking for smarter cash flow management to tackle the challenge.

The survey contains responses from 651 senior finance executives from a wide range of industries and from companies with an annual turnover of US$500 million or above around the world. The research included respondents from Asia, U.S., Europe, Canada, Latin America and Australia. The survey was carried out in November 2015.


Download American Express / CFO Research Global Business & Spending Monitor 2016 - Hong Kong summary NOW


Download Now

Additional Resources

Alternative solutions to Hong Kong SMEs’ cash flow challenges


Watch video to understand how Hong Kong SMEs can leverage alternative payment solutions that…

Hong Kong CFOs Step Up in Future-Proofing for 2020


American Express surveyed Hong Kong mid-sized companies for the second consecutive year in…

Call our Team today

Talk to a business representative about a custom Card program that suits your needs.

Call (+852) 2277-3310

American Express Gold Business Card
American Express Gold Corporate Card
American Express Cathay Pacific Elite Corporate Card