, Columnist
Hong Kong Bankers Fear Their Careers Are Coming to an End
Finance isn’t what it used to be in Xi Jinping’s new China.
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It was supposed to be a big celebration for Hong Kong. This week’s Global Financial Leaders' Investment Summit, organized by the city’s central bank, was meant to showcase the revival of Hong Kong as Asia’s financial hub, after years of isolation that resulted from stringent Covid controls.
But the mood is all gloom and doom. Since China’s Communist Party congress last month, bankers and asset managers I have spoken to are worried. They wonder whether they have viable careers at all.