Bankers Who Stay in Hong Kong Are Rewarded With a Pay Bonanza
- Finance staff see up to 35% ‘walking across the street’ raises
- City’s booming crypto sector adds to the battle for talent
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Hong Kong’s stringent Covid restrictions turned the city into a dead end for the legions of finance workers decamping for other destinations. Those who choose to stay are being presented with the sort of opportunities that don’t come along very often.
Interviews with headhunters, executives and employees across the finance and digital-asset industry depict intense competition for tech-savvy workers who are willing to endure life in a city that’s largely isolated from the rest of the world. For such people, opportunities abound for big promotions and big pay increases — at least in the short term.