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Sep 30, 2012 · The Hong Kong and Shanghai Banking Corporation, now HSBC, established in 1865 in Hong Kong, later became the largest foreign bank in China. When Hong Kong became a British colony in 1897 foreign banks enjoyed extraterritorial rights. They also enjoyed complete control over China's international remittance and foreign trade financing.
Apr 6, 2024 · Dah Sing Bank, Limited. DBS Bank (Hong Kong) Limited. Fubon Bank (Hong Kong) Limited. Fusion Bank Limited. Hang Seng Bank, Limited. The Hongkong and Shanghai Banking Corporation Limited. Industrial and Commercial Bank of China (Asia) Limited. livi Bank Limited. Morgan Stanley Bank Asia Limited.
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- Investment Banking in Hong Kong
- Hong Kong as A Global Financial Hub
- Hong Kong Equity Capital Markets
- Investment Banking Recruiting in Hong Kong
- Hong Kong vs. New York Ib Compensation Differences
- China IPO and Cross-Border M&A Activity
Bulge Bracket and Elite Boutiquebanks try to retain as much of their global branding and best practices as possible while following Chinese business culture and etiquette. Senior management tends to be a mix of expatriate bankers and Mainland Chinese relationship managers with a shrinking pool of Hong Kong local heads. The exchange of emails and bu...
Hong Kong has long been considered to be among the top three global financial centers, trailing behind only New York and London. However, Hong Kong as a financial hub has increasingly gained more importance due to being the main beneficiary of China’s GDP growthand economic expansion. China GDP Per Capita in US Dollars (Source: The World Bank Group...
Capital Raising in Hong Kong
Most notably, Hong Kong has become a major player in the global equity capital markets and regularly competes for the top Initial Public Offering (“IPO”) crown, which is determined by the highest dollar volume of IPOsthrough its exchanges. In 2019, Hong Kong beat out the Nasdaq for the IPO crown in part due to the mega-listing of Chinese conglomerateAlibaba Group. The listing of Alibaba raised around $12.9bn, enabling the Hong Kong stock exchange to surpass the Nasdaq. Hong Kong Poised to Rec...
Currency Considerations in Hong Kong
While China’s revenues from Investment Banking Advisoryare shared by Shanghai, Shenzhen, and Beijing (and potentially Macau later), Hong Kong serves a unique role in Chinese markets due to the use of Hong Kong law, dual language requirements in Chinese & English, and the Hong Kong Dollar, which is pegged to the US Dollar. These elements give global institutional investors comfort versus Mainland Chinese securities, where the legal frameworks are still under the developmental stage and the inv...
Mandarin Language Proficiency
The pool of candidates chosen to get into investment banking in Hong Kong comes from a mixture of US and UK target schools. The recruiting process has remained very competitive over the years, as there are a limited number of spots servicing major Chinese firms and multinational corporations based in Asia. In recent years, proficiency in Mandarin to work in the Hong Kong investment banking industry is no longer optional, but a necessity to be considered a viable candidate. In the past, good g...
US Investment Banking Target Schools List
Hong Kong banks place a large importance on university prestige but especially for universities in the UK, candidates do not need to necessarily apply through an undergrad degree for analyst roles. But rather, graduates with master’s degrees are welcome for investment banking analyst roles.
China Investment Banking Target Schools List
For Hong Kong specifically, the predominant target school for investment banking is the Hong Kong University of Science and Technology. But inclusive of all Mainland China target schools, the list includes:
In Hong Kong, the Salaries and Bonuses are comparable for the Bulge Brackets and Elite Boutiques(EBs with a global presence) to New York. While expenses related to renting in Hong Kong are similar to New York, the after-tax income is much higher in Hong Kong (15% flat tax). And the all-in compensation, when compared to London, is actually higher in...
Technology Sector (TMT) in China
To properly reflect China’s ascendancy in the global economy, coverage and execution teams in Hong Kong can be massive – especially in hot sectors such as Technology, Media & Telecommunications (or “TMT” – with prominent Chinese TMT names including Alibaba, Tencent, Meituan). Ant Financial IPO Blocked (Source: WSJ) For example, Ant Financial, the spin-offof Alibaba’s FinTech division was set to IPO in 2020 before unexpectedly being halted by the Chinese government only a few days before the o...
Dec 7, 2022 · Investment Banking in Hong Kong: Top Banks, Industries, and Deals. As in London, the “top 3” bulge bracket banks – Goldman Sachs, Morgan Stanley, and JP Morgan – have traditionally advised on the greatest volume of deals in HK. Others, such as Citi, Credit Suisse (or whatever it is spun off into…), and Bank of America, also perform ...
Dec 9, 2021 · Hong Kong consumers are embracing digital banking amid a significant shift in how banks craft customer experience and design product offerings, according to the latest edition of McKinsey’s survey of personal financial services. The survey, which polled more than 1,000 respondents in Hong Kong and about 20,000 across the region, shows that 93 ...
Jul 5, 2020 · WeLab Bank Limited: WeLab Bank is an offshoot of WeLab Limited, founded in 2013, that is an online lender and financial services provider that is said to operate in Hong Kong, mainland China and ...
Founded. 1995. Specialties. Banking, Real Estate Lending, Financial Services, Wealth Management Services, Business Services, and Commercial Lending. Locations. Primary. 132 State Street....
