200 Hong Kong investment bankers face potential job cuts due to China's economic slowdown and high compensation levels.
Hong Kong investment bankers face potential job cuts amid China's economic slowdown and high compensation levels. Around 200 bankers have lost their jobs in the past year, with senior bankers in Hong Kong earning 40-70% more than their Singaporean peers. Global financial firms are cutting investment banking staff in Asia due to a deal drought, deteriorating US-China relations, and a property crisis.
April 22, 2024
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