The health of China’s real estate sector is in the spotlight with reports property giant Evergrande could default on its $300bn debt pile, and that the private banking arms of Credit Suisse and Citibank are no longer accepting the bonds […]
Tag: Hong Kong
Hong Kong’s junior bankers want to step back, not lie flat
Chinese millennials are joining up to the lying flat movement as they reject long working hours – but bankers wont be joining them. Chinese 20-somethings are rejecting the country’s 9-9-6 “hustle” culture, where people work 12 hours a day from […]
Bonus rivalry in Hong Kong as Chinese and US banks offer bumper payments
Mainland banks in Hong Kong remain competitive in the bonus stakes even as US firms pay bumper Asian bonuses for 2020. As we reported last week, Asian revenues at Morgan Stanley, Goldman Sachs, JP Morgan, and Citi (within its Institutional […]
Singapore set for 2021 hedge fund hiring boom
Buy-side hiring in Singapore is set to rise next year as more global hedge funds set up in the city and search for talent. But their recruitment could be delayed by local skills shortages and difficulties obtaining work permits for […]
Salaries and bonuses at Goldman Sachs in Hong Kong: the reality
Not everyone starts a career at Goldman Sachs in Hong Kong because of its reputation for paying good salaries and bonuses – there’s the kudos of having the GS logo on your business card to impress clients, friends and family. And there’s […]
Help! I’m deciding whether to work in mainland China, or work in Hong Kong
I’m graduating next year with a finance degree from the University of Hong Kong, but I haven’t yet secured a job offer, despite having good grades and two internships under my belt. I’d like to work in private wealth or […]
Hong Kong and Singapore bankers drinking to excess to land Chinese deals
Bankers from Hong Kong and Singapore say they often end up drinking to excess when they meet clients from mainland China and try to forge strong relationships with them. China’s culture of corporate boozing has been thrown into the spotlight […]
Chinese investment banks are hiring in Hong Kong during Covid. But there’s a catch
If you’re a job seeker in Hong Kong and you want to work for one of the world’s top-10 investment banks by market capitalisation, you could try Goldman Sachs or Morgan Stanley, which respectively rank in first and second place. […]
The big hidden danger of video meetings for Singapore and Hong Kong bankers
Covid-19 has drastically changed how business can be conducted – we’re all getting used to video meetings via Zoom and other platforms. This permeates across all industries, and private banking here in Asia is no exception. Online communication has some […]
Candidates in Hong Kong, Singapore face tougher screening interviews during pandemic
If you’re about to have a first-round screening interview with an agency recruiter in Singapore or Hong Kong, you face an uphill battle – and it’s not just because the interview will be via video. The job market is slowing down […]