Using the case of Hong Kong’s finance-related industries, this article examines whether preference or discrimination based on job applicants’ ethnic background manifests in Hong Kong employers’ hiring practices. The authors took an audit approach and compared applicants of three distinctive ethnic groups: Anglo-Saxons, local Hong Kongers, and mainland Chinese. They found that in Hong Kong, local applicants receive the highest callback rate, followed by mainland Chinese, and then Anglo-Saxon applicants, regardless of their gender. The findings counter existing literature and suggest white privilege and colonial legacy is not visible in the hiring for college graduate positions in the financial industries. Instead, language (Cantonese) fluency and business ties to China are of greater importance to employers/HR in Hong Kong’s finance-related industries. In other words, white privilege may still hold true in socio-cultural spheres or everyday interactions, but the effects can be mediated by Cantonese language proficiency when it comes to hiring practices.