Hong Kong bonuses could drop to zero

Posted by PSR_AXP 16 mths ago
Bonuses for mergers and acquisitions and capital markets staff in Hong Kong are expected to fall by at least 50% this year, and some could end up with nothing following a freeze in stock market listings.
Reports said that Morgan Stanley will cut bonuses in Asia Pacific by 50% this year, and it may not be the only one. Headhunters say 50% cuts are likely to be the norm. Recruitment firm Randstad’s 2023 market trends report affirms that “bonuses in investment and equity banks are expected to drop by 50% next year.”
Read more on efinancialcareers.com 

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