FEATURED · MARKETS Banking on Connectivity in a Fragmented World
August 17, 2026 1 min read 2
MARKETS

Banking on Connectivity in a Fragmented World

Source: SCMP — Business & Markets

PUBLISHED
August 17, 2026
CATEGORY
SC
SCMP — Business & Markets
eChina Team
1

George Tung, CEO of UOB Hong Kong, is leveraging Hong Kong’s cross-border capital hub status by deepening ASEAN connectivity, integrating wholesale and private banking, and embedding disciplined risk management with AI-enabled oversight to navigate geopolitical shifts and rate volatility. George Tung, CEO of UOB Hong Kong, is positioning the bank to leverage the city’s role as a cross-border capital hub by strengthening ASEAN links, deepening client trust and embedding disciplined risk management. Capital rarely stands still in Asia. From mainland China to ASEAN and the Middle East, funds are constantly in motion, searching for stability, yield and trusted channels through which to flow. In an era shaped by geopolitical tension, trade realignment and volatile interest rates, the value of well-regulated financial hubs has only grown. For George Tung, CEO of UOB Hong Kong, the moment presents both opportunity and responsibility. “Whenever there is money, there is opportunity and business for the banks,” he says. Positioned between China and Southeast Asia – UOB’s home base – Hong Kong remains a “superconnector for capital”.

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