China is having some turbulent times at the moment: debt, reforms, anti-corruption etc, some bulge bracket banks are increasing their IBD hiring in China. Does anyone (in China) know what's going on? There is no doubt about the long-term prospect of working there but I'm quite dubious about short-term. Is there going to be a major wave of deregulation on foreign banks' activities? Thanks!
Apr 01, 2014Apr 01, 2014
WSO Elite Modeling Package
- 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
- Elite instructors from top BB investment banks and private equity megafunds
- Includes Company DB + Video Library Access (1 year)
Related Content
See moreTotal Avg Compensation
March 2021 Investment Banking
-
Director/MD (9) $911
-
Vice President (31) $349
-
Associates (162) $231
-
2nd Year Analyst (98) $151
-
Intern/Summer Associate (92) $144
-
3rd+ Year Analyst (23) $145
-
1st Year Analyst (370) $131
-
Intern/Summer Analyst (306) $82
Comments (3)
I think they are just trying to reform more economically (establishing special zones, Shanghai people can use Facebook etc) to encourage foreign investments. Also, they are cracking down politically for bribery etc.
Overall they are trying to make long term prospects of China attractive, its economy is slowing down in a transformation stage from export-dependent to consumer dependent, so the economy will continue to slow down for the short term (still growing at a decent pace).
No one knows. Not even the Chinese. It's incredibly opaque. That's what makes it so cool and interesting, but also so difficult to navigate and frustrating.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Want to Unlock by signing in with your social account?