HK 2020SA - Return Offer Rate?
Anyone with any insights on this? Worried about the conversion rate. Particularly interested in CS/UBS/BAML/DB.
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Interested too. Needless to say the return rate will be impacted, but given that some of the summer classes at the above mentioned banks are significantly smaller than their US/UK ones (20 with quite high conversion historically), not sure how much the impact will be.
Interested as well, would be great if any ft bankers may shed some light on this. Btw, also quite interested in what other banks (GS/MS/JPM) HK offer rates may be like this year compared with its past.
HK is in a serious recession - first from 5 solid months of protests followed by impact of COVID (although of course that's not HK-specific). Moreover a general slowdown in China due to trade war, government policies, etc. is a further dampener to new issuances. Things will be tough for a while. That said, I don't know if even the banks know yet what their return offer % will be.
Do you see a huge hit to SA 2021 recruiting in HK?
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