Hong Kong Bankers Are Losing Their Jobs to China Rivals

Mainlanders now hold a majority of senior investment bank jobs
Pressure on Hongkongers will continue as China opens up

Watch: Hong Kong bankers are being overtaken by their mainland Chinese counterparts as the city’s go-to dealmakers with new figures showing that the local share of investment banking jobs has fallen to 30%. (Source: Bloomberg)

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE

By Cathy Chan

October 11, 2020 at 12:00 PM EDT

Updated on

October 12, 2020 at 5:38 AM EDT

This article is for subscribers only.

Follow Bloomberg on Telegram for all the investment news and analysis you need.

Hong Kong’s homegrown investment bankers are rapidly losing their status as the city’s go-to dealmakers, supplanted by mainland Chinese rivals who now hold a majority of senior jobs in Asia’s biggest financial hub.

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE