{"id":103687,"date":"2024-12-30T15:39:48","date_gmt":"2024-12-30T20:39:48","guid":{"rendered":"https:\/\/www.bloomberg.com\/professional\/insights\/artificial-intelligence\/ai-to-lift-domestic-hk-banks-earnings-by-8-17\/"},"modified":"2025-06-24T15:28:07","modified_gmt":"2025-06-24T19:28:07","slug":"ai-to-lift-domestic-hk-banks-earnings-by-8-17","status":"publish","type":[3762],"link":"https:\/\/www.bloomberg.com\/professional\/insights\/artificial-intelligence\/ai-to-lift-domestic-hk-banks-earnings-by-8-17\/","title":{"rendered":"AI to lift domestic HK banks&#8217; earnings by 8-17%"},"content":{"rendered":"<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a0c470be9799'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-7\"\n    style=\"\"\n    >\n    <p><div\n    class=\"bbg-spacer bbg-spacer--lg\"\n    >\n<\/div><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p class=\"small\"><strong><span style=\"font-size: 14px; letter-spacing: 1px; color: #0062dd;\">ARTICLE<\/span><\/strong><\/p>\n\n<\/div>\n<div\n    class=\"bbg-spacer bbg-spacer--sm\"\n    >\n<\/div>    <h1 class=\"bbg-metadata bbg-metadata--title\">AI to lift domestic HK banks&#8217; earnings by 8-17%<\/h1>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 50px !important\"\n    >\n<\/div>    <ul class=\"bbg-categories_list\">\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/artificial-intelligence\/\" rel=\"category tag\">\n                    Artificial Intelligence\n                <\/a>\n            <\/li>\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/financial-services\/\" rel=\"category tag\">\n                    Financial Services\n                <\/a>\n            <\/li>\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/regional-analysis\/\" rel=\"category tag\">\n                    Regional Analysis\n                <\/a>\n            <\/li>\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/technology\/\" rel=\"category tag\">\n                    Technology\n                <\/a>\n            <\/li>\n            <\/ul>\n<\/p>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-5\"\n    style=\"\"\n    >\n    <div id=\"\" class=\"wpb_content_element bbg-single-image align-center\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"1067\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/Views-of-Hong-Kong-harbor-and-skyrises-around-Central-Business-District.jpg\" class=\"bbg-single-image__image attachment-full\" alt=\"Views of Hong Kong harbor and skyrises around Central Business District\" title=\"Views-of-Hong-Kong-harbor-and-skyrises-around-Central-Business-District\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/Views-of-Hong-Kong-harbor-and-skyrises-around-Central-Business-District.jpg 1600w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/Views-of-Hong-Kong-harbor-and-skyrises-around-Central-Business-District.jpg 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/Views-of-Hong-Kong-harbor-and-skyrises-around-Central-Business-District.jpg 800w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/Views-of-Hong-Kong-harbor-and-skyrises-around-Central-Business-District.jpg 768w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/Views-of-Hong-Kong-harbor-and-skyrises-around-Central-Business-District.jpg 1536w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/Views-of-Hong-Kong-harbor-and-skyrises-around-Central-Business-District.jpg 600w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/>\n        \n            <\/figure>\n<\/div>\n\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a0c470bf3a20'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-6 bbg-column--m-width-6\"\n    style=\"\"\n    >\n    <p>    <p class=\"bbg-metadata bbg-metadata--date\">December 30, 2024<\/p>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><strong>Bloomberg Intelligence<\/strong><\/p>\n\n<\/div>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2 bbg-column--valign-middle bbg-column--m-width-2 bbg-column--s-padding-right-2\"\n    style=\"\"\n    >\n    <div class=\"bb-tts\"\n\tdata-selector=\"main\"\n\tdata-label=\"Speak this page\"\n\tdata-custom-play=\"Play\"\n\tdata-custom-pause=\"Pause\"\n\tdata-custom-stop=\"Stop\"\n\tdata-overlay=\"false\"\n\tdata-invert=\"false\"\n\tdata-no-time=\"false\"\n\tdata-no-button-text=\"false\"\n\tdata-one-button=\"true\"\n\tdata-one-style=\"true\"\n\tdata-hide-stop=\"true\"\n\tdata-voice=\"Gordon\"\n\tdata-pitch=\"1\"\n\tdata-speed=\"1\"\n\tdata-align=\"flex-start\"\n>\n<\/div>\n\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-compact bbg-row--full-bg-bleed\" data-anchor='row-6a0c470c02ad6'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <p><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><i>This analysis is by Bloomberg Intelligence Senior Industry Analyst Francis Chan and Associate Analyst Nicholas Ng. <\/i><i>It appeared first on the Bloomberg Terminal.<\/i><\/p>\n<p class=\"p1\">Artificial intelligence could boost pretax earnings by up to 17% or as much as $1.5 billion a year at domestic Hong Kong banks BOCHK, Hang Seng and BEA on a follow-through basis, based on BI estimates, 2023 filings and Deloitte research. The boost to HSBC and StanChart may be even bigger. Staff cost savings and improved loan pricing are potential gains. HSBC currently has over 1,000 AI use cases.<\/p>\n<h2>HSBC, HK banks go with tide of AI adoption<\/h2>\n<p>HSBC, Standard Chartered and other Hong Kong banks are going with the tide of global AI adoption, with more use cases likely to emerge by 2030. Though AI may not have yielded much cost and revenue impact so far, the technology has been broadly applied in three areas: risk management, client engagement and administration. For instance, HSBC relies on AI tools in screening 1.35 billion transactions per month for financial crimes and sanctions. The technology is also deployed in treasury operations, loan underwriting, customer services, asset-liability and liquidity management in HSBC, StanChart and BOC Hong Kong.<\/p>\n<p>HSBC, with the largest branch network in Hong Kong, had more than 1,000 AI use cases as of late October. The bank is currently testing 100 other solutions riding on generative AI.<\/p>\n\n<\/div>\n<div id=\"\" class=\"wpb_content_element bbg-single-image align-center\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"951\" height=\"513\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.12.27%E2%80%AFPM.png\" class=\"bbg-single-image__image attachment-full\" alt=\"Key Business Areas With AI Applications\" title=\"Key Business Areas With AI Applications\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.12.27%E2%80%AFPM.png 951w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.12.27%E2%80%AFPM.png 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.12.27%E2%80%AFPM.png 800w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.12.27%E2%80%AFPM.png 768w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.12.27%E2%80%AFPM.png 192w\" sizes=\"auto, (max-width: 951px) 100vw, 951px\" \/>\n        \n            <\/figure>\n<\/div>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--margin-top-compact bbg-row--margin-bottom-compact bbg-row--full-bg-bleed\" data-anchor='row-6a0c470c05ea0'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <div\n    class=\"bbg-column\"\n    style=\"\"\n    >\n    <div class=\"bbg-interstitial\" aria-label=\"interstitial\" tabindex=\"0\">\n\t<style>\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\tbackground: url(https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Interstitial_bg.png);\n\t\t\t\tbackground-repeat: no-repeat;\n\t\t\t\tbackground-position: center center;\n\t\t\t\tbackground-size: cover;\n\t\t\tpadding: 104px;\n\t\t\t\n\t\t\t\n\t\t}\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content, .bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content p{\n\t\t\tcolor:white;\n\t\t}\n\t\t@media (max-width: 768px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 32px;\n\t\t\t}\n\t\t}\n\t\t@media (max-width: 480px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 18px;\n\t\t\t}\n\t\t}\n\t<\/style>\n\t<div class=\"wpb_content_element bbg-card  bbg-card-dark bbg-card_hasCta has_interstitial\" id=\"card_1\" data-card_type=\"no_image\">\n  \n  \n  <div class=\"bbg-card__innerwrapper\">\n    <div class=\"bbg-card__content\">\n      \n      \n                      <h3 class=\"bbg-card__title\">Discover more with Bloomberg newsletters<\/h3>\n      \n              <div class=\"bbg-card__wysiwyg bb-wysiwyg\"><p>Subscribe now<\/p>\n<\/div>\n          <\/div>\n\n          \n<div\n  id=\"cta_7446758773770800762\"\n  class=\"wpb_content_element bbg-cta icon icon-arrow\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p right\">\n      <a\n        class=\"bbg-cta-link link interstitial_cta\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/insights\/newsletter\/\"\n        target=\"\"\n        rel=\"\"\n        data-section-name=\"\"\n                role=\"button\"\n        aria-label=\"Learn more\"\n        >\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n\n      <\/div>\n\n  <\/div>\n\n<\/div>\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none bbg-row--full-bg-bleed\" data-anchor='row-6a0c470c0ac06'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2 class=\"p1\">AI to boost domestic HK banks&#8217; pretax profit by 8-17%<\/h2>\n<p class=\"p1\">Success in fully integrating AI tools with operations at three domestic Hong Kong banks &#8212; BOCHK, Hang Seng Bank and BEA &#8212; could boost their pretax profits by 8-17% a year on a follow-through basis, based on our estimates and Deloitte research. Their combined profit could rise up to 5% on workforce efficiency, and 2.8-4.3% on lower credit costs, by applying assumptions in Deloitte&#8217;s report &#8220;Changing the Game&#8221; to 2023 financials. Total cost savings might hit $240-$781 million.<\/p>\n<p class=\"p1\">On the revenue front, tailored loan pricing adjusted for risks could lift pretax profits by 3-4.5%, improving customer acquisition and retention by 1.3-2.5%, along with market analysis plus trading algorithms (0.8-1.2%). Their combined revenue might rise $434-$698 million.<\/p>\n<p class=\"p1\">By the same token, HSBC and StanChart can boost group pretax profit by 9-25%.<\/p>\n\n<\/div>\n<div id=\"\" class=\"wpb_content_element bbg-single-image align-center\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"824\" height=\"616\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.35.25%E2%80%AFPM.png\" class=\"bbg-single-image__image attachment-full\" alt=\"Revenue, Cost Impact From AI Applications\" title=\"Revenue, Cost Impact From AI Applications\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.35.25%E2%80%AFPM.png 824w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.35.25%E2%80%AFPM.png 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.35.25%E2%80%AFPM.png 800w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.35.25%E2%80%AFPM.png 768w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.35.25%E2%80%AFPM.png 144w\" sizes=\"auto, (max-width: 824px) 100vw, 824px\" \/>\n        \n            <\/figure>\n<\/div>\n\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><em>Bloomberg Terminal clients can access detailed assumptions <a href=\"https:\/\/blinks.bloomberg.com\/news\/stories\/SO74CEDWRGG0\">here<\/a>.<\/em><\/p>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2 class=\"p1\">What impact can AI have on banks&#8217; bottom lines?<\/h2>\n\n<\/div>\n<div id=\"\" class=\"wpb_content_element bbg-single-image align-center\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"955\" height=\"515\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.13.33%E2%80%AFPM.png\" class=\"bbg-single-image__image attachment-full\" alt=\"AI-Led Cost Efficiency, Income Growth Assumptions\" title=\"AI-Led Cost Efficiency, Income Growth Assumptions\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.13.33%E2%80%AFPM.png 955w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.13.33%E2%80%AFPM.png 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.13.33%E2%80%AFPM.png 800w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.13.33%E2%80%AFPM.png 768w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.13.33%E2%80%AFPM.png 192w\" sizes=\"auto, (max-width: 955px) 100vw, 955px\" \/>\n        \n            <\/figure>\n<\/div>\n\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2 class=\"p1\">HSBC, StanChart&#8217;s billions of savings from digital, AI<\/h2>\n<p class=\"p1\">There&#8217;s no one-size-fits-all approach in determining what constitutes a robust training set for AI models in drug development. Yet we believe the most useful to industry will be diverse training sets constituting both positive and negative outcomes derived from multiple sources, multimodal across data types and relatively free of bias through means like random sampling. To the final point, larger-cap companies with long histories of drug development and broad internal datasets might be advantaged, given the universe of published data is frequently cherry picked to propagate a hypothesis.<\/p>\n<p class=\"p1\">We think combinations of clinical, cellular and chemistry data can provide a more robust decision engine than any one individually, but it carries the challenge of properly annotating multimodal datasets.<\/p>\n\n<\/div>\n<div id=\"\" class=\"wpb_content_element bbg-single-image align-center\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"661\" height=\"717\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.28.31%E2%80%AFPM.png\" class=\"bbg-single-image__image attachment-full\" alt=\"HSBC, StanChart Cost Plans; HK Banks&#039; Cost Ratios\" title=\"HSBC, StanChart Cost Plans; HK Banks&#039; Cost Ratios\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.28.31%E2%80%AFPM.png 661w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.28.31%E2%80%AFPM.png 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.28.31%E2%80%AFPM.png 100w\" sizes=\"auto, (max-width: 661px) 100vw, 661px\" \/>\n        \n            <\/figure>\n<\/div>\n\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2 class=\"p1\">Data challenges vs. customer service, trading opportunities<\/h2>\n<p class=\"p1\">The Hong Kong financial-services industry, led by banks, will consider adopting more AI over the medium term. According to a joint survey by PwC and the Hong Kong Trade Development Council, industry participants see the biggest AI opportunity in facilitating automated customer service, followed by algorithmic trading, investment management, fraud detection and claims processing. At least 60% of respondents view these as key areas of AI applications. Meanwhile, 68% of those taking part in the survey cited data availability and quality as the key challenge in AI usage, followed by cybersecurity and data privacy, and a skills gap in the workforce.<\/p>\n\n<\/div>\n<div id=\"\" class=\"wpb_content_element bbg-single-image align-center\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"633\" height=\"746\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.32.24%E2%80%AFPM.png\" class=\"bbg-single-image__image attachment-full\" alt=\"Challenges \/ Opportunities in AI Adoption\" title=\"Challenges \/ Opportunities in AI Adoption\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.32.24%E2%80%AFPM.png 633w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.32.24%E2%80%AFPM.png 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Screenshot-2024-12-30-at-12.32.24%E2%80%AFPM.png 92w\" sizes=\"auto, (max-width: 633px) 100vw, 633px\" \/>\n        \n            <\/figure>\n<\/div>\n\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span style=\"font-size: 10px;\"><em>The data included in these materials are for illustrative purposes only. The BLOOMBERG TERMINAL service and Bloomberg data products (the \u201cServices\u201d) are owned and distributed by Bloomberg Finance L.P. (\u201cBFLP\u201d) except (i) in Argentina, Australia and certain jurisdictions in the Pacific Islands, Bermuda, China, India, Japan, Korea and New Zealand, where Bloomberg L.P. and its subsidiaries (\u201cBLP\u201d) distribute these products, and (ii) in Singapore and the jurisdictions serviced by Bloomberg\u2019s Singapore office, where a subsidiary of BFLP distributes these products. BLP provides BFLP and its subsidiaries with global marketing and operational support and service. Certain features, functions, products and services are available only to sophisticated investors and only where permitted. BFLP, BLP and their affiliates do not guarantee the accuracy of prices or other information in the Services. 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<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>AI could boost pretax earnings by up to 17%, or $1.5 billion a year, at Hong Kong banks BOCHK, Hang Seng, and BEA, based on Bloomberg Intelligence estimates, 2023 filings, and Deloitte research.<\/p>\n","protected":false},"author":1935,"featured_media":43106,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"template-article.php","format":"standard","meta":{"_yoast_wpseo_primary_category":"3715","footnotes":""},"categories":[3715,457,534,3661],"tags":[603,565,531,445,543],"series":[],"class_list":["post-103687","post","type-post","status-publish","format-standard","hentry","category-artificial-intelligence","category-financial-services","category-regional-analysis","category-technology","tag-ai-machine-learning","tag-bloomberg-intelligence","tag-electronic-trading","tag-sales-and-trading","tag-technology","type-article"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin 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