The best banks to work for in Hong Kong this year? Not the Americans



ORIGINAL POST
Posted by PSR_AXP 2 mths ago
Last week, the CEOs of America’s biggest banks told the US House of Representatives that they will pull out of China if Taiwan is attacked, but they may have to take some more immediate if less dramatic action in their Hong Kong investment banking operations.
 
Investment bank fees earned from mergers and acquisitions advisory and capital markets underwriting in Hong Kong have fallen by 69% this year across as offshore IPOs and debt sales by Chinese companies have dried up.
 
US banks, which lead the way on listings and M&A, have taken the biggest hit. Morgan Stanley and JPMorgan have seen their fees dropping by 84%, according to figures from Dealogic in the year to date ending September 22, compared with the first nine months of 2021.
 
Goldman Sachs, which is ranked second by fees on behind China International Capital Corp, has seen revenues fall by 82%. Bank of America’s revenues in Hong Kong have fallen by a similar amount.
 
https://www.efinancialcareers.com/news/2022/09/best-banks-to-work-for-in-hong-kong

Please support our advertisers:

< Back to main category



Login now
Ad