Chinese bankers flock to HK even as lay-offs lead to exodus of expats
Largest hike in mainland staff over past decade is in investment banks; Chinese IPOs dominate city's market
Mon, Jun 19, 2017 - 5:50 AM
A bus with an advertisement of CFA Institute, featuring Hao Hong, head of research at Bocom International, in Hong Kong. The financial services industry now accounts for 18 per cent of the territory's economy, compared with just 10.4 per cent in 1997.
A FLOOD of Chinese bankers is changing the social fabric of Hong Kong, as they rapidly expand their footprint in one of the world's premier financial centres, even as Beijing struggles to tame the former British colony politically.