Hong Kong Junior Bankers Get Pay Hikes Amid Dealmaking Surge

Junior bankers in Hong Kong are getting a pay raise!

Companies like Citic Securities and CMB International are increasing salaries for new hires because there's a lot more deal-making happening.

They're trying to keep talented bankers from leaving for other firms.

Pay was cut in the past, but now it's going up again, though it's still not as high as it was in 2021.

This change comes after a period where the government was cautious about private businesses.

But now, business is booming again, mainly due to companies from mainland China listing their stocks.