Morning Coffee: New boost for ECM jobs in Asia
In the build-up to the launch of Shanghai-Hong Kong Stock Connect next week, we’ve already mentioned several potential positive effects that the programme might have on finance jobs in Hong Kong. More boutique brokerages are likely to set up in city, while some global banks have boosted their ranks of equity traders and researchers. Compliance and IT jobs have been created, too.
The Wall Street Journal now reports that the deal could also lure more new listings from Chinese and foreign companies – news that will be welcomed by ECM bankers who have recently been less hotly sought after in the Hong Kong job market than their DCM and M&A counterparts. Analysts and bankers told WSJ that companies will be more attracted to list in Hong Kong now that Chinese investors have better access to its market under the Stock Connect scheme.
New CEO for Bank of Singapore. (Channel News Asia)
Maybank named top graduate employer in Malaysia. (New Straits Times)
Record performance for Credit Suisse private bank in Asia. (Business Times)
Why fewer Chinese graduates are enrolling in US business schools. (Financial Times)
Senior politician in Singapore makes stand in favour of flexi-working. (Channel News Asia)
Insurance firms compete for DBS clients. (Finance Asia)
China’s big four banks see Q3 profits rise. (Asian Banking & Finance)
English language skills in Hong Kong are now worse than in three mainland cities. (South China Morning Post)
It’s getting (slightly) cheaper to rent a condo in Singapore. (Asia One)