Hi All, been on the site for a while and previously contributed a bit on investment banking in China. After 2 years at my previous bank, I am moving to a top middle market Asia focused PE fund (China team) in the next few weeks. I have experience working on cross-border M&A, both onshore and offshore reorganizations and IPOs, international board listings in Shanghai, etc.
I can speak about those topics freely if anyone is interested.
As for interview experience, I've interviewed for lateral positions at bulge brackets in HK, local and USD PE funds in China, as well as funds with a pan-asia focus. I do not have experience interviewing with int'l mega funds in China.
A couple of thoughts on my recent interview experiences:
For lateral positions at HK BBs, they care a lot about your experience working with HK IPOs so they'll ask you very detailed transaction related questions with regards to the overall execution. Topics like timetable consideration, valuation between different exchanges, and HKEx listing rules came up all the time.
For my PE interviews, nearly all my interviewers asked me to pitch them an industry and investment idea I liked. They like to see ample homework has been done as to the rough size of the industry, growth prospects, industry trends, valuation, etc. Essentially the interviewers just want to get a sense for your "investment gut feeling". Deal experience was also a big topic but questions in this area deviate largely on the PE funds investment strategy. For example, local PE funds like Citic PE, Hony Capital who do more RMB investments within China and do a lot of restructuring would try to test your knowledge of Chinese Company and Securities law. International firms, especially when the interviewer worked primarily abroad rarely ask legal related questions and tend to focus more on the operational and financial side of investments.