On a Scale of 1 to 10, how fucked is China & APAC
Saw CS slashed 80% of their banking team in Hong Kong after the merge, not to mention other shops cutting their China/ APAC team here and there.
How fucked are China and APAC markets, respectively?
Personally I think China is F 9/10 and APAC 6/10, as compared to the US market 5/10
Would appreciate if you can share some of your thoughts on the future of banking in HK/apac in general. Thx!
Too much X factors in China with their pushing for state-owned companies to take the lead. And big L for HK as the government made it clear they want the local vendors to make deals, not spies from the west.
SEA look stronger than before to me as money flowing out of HK has to go somewhere, and the new narrative of the rising sun in Japan is gathering momentum. With more companies relocating to SG, I'd expect more trading/ deal making to take place in SG than HK. But APAC is still under the influence of the geopolitical dramas from China, a country that basically fucks up all the ties with its neighbors.
Does it make sense to you?
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