Chinese IB S&T in HK
Hi guys, this is a niche question. Does anyone working in HK or APAC know about the business of S&T Chinese Top IB, e.g flows, clients and products, etc? Any insight would be helpful. Thank you.
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Have interned in one ("Big 4" bank - aka BOCI/ICBCI/CCBI/ABCI type) on their bond sales/trading desk and now work at a BB. Know a fair few friends who work in other bigger Chinese houses e.g. the likes of CLSA/CICC
Biz is predominantly primary market driven i.e. DCM/ECM distribution and the chinese houses see very little 2ndary flows - maybe 10-20 trades a day. Products wise mostly focuses on cash equities/bonds - some shops dabble in derivs but afaik not a profitable area in general. Clients...obvi predominantly Chinese bank desks/lifers/real money - v little coverage for global clients
Thanks for your info. How did you manage to get into BB? If started for one year say trading desk, how's the prospect to move to BB? Thank you.
Interned at the chinese bank in my soph year - recruited for BB SA in junior year and returned as a grad.
If ur talking about experienced hires - trading is more about P&L so irrespective of shop if you've got a track record of printing consistent pnl moving to a bigger platform is easy -BB or chinese or otherwise. problem is as I mentioned above Chinese guys don't see much flow so u have to be in a prop seat (yes those still exist) to be able to properly print outsized pnl. Hve seen Chinese prop -> BB trading happen
Ha, gotcha. Thanks so much. Do you mind sharing your contacts as I am about to come to HK. It would be nice to meet up.
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