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Chinese bankers flock to Hong Kong as expats retreat

Reuters  |  HONG KONG 

By Jess Macy Yu and Julie ZhuHONG KONG (Reuters) - A flood of Chinese bankers is changing the social fabric of Hong Kong, as they rapidly expand their footprint in one of the world's premier financial centres, even as Beijing struggles to tame the former British colony politically.Twenty years after Hong Kong's handover to Chinese rule, scores of mainland professionals are filling the elite financial ranks of Hong Kong, while a series of lay-offs at Western banks has led to an exodus of expatriates.The largest increase in mainland staff over the past decade has come in investment banks, with ...

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First Published: Mon, June 19 2017. 09:31 IST