[pcr0]

Heard this a lot in investment banking. Definitely "used to be" as these days you're unlikely to make it in Hong Kong either.

[user5994461]

The friends I know who tried to get into either say it's as hard to join HK as London. They are both super competitive.

[seanmcdirmid]

Well, they could try Shanghai.

[user5994461]

The main offices are usually in NYC, London, Tokyo, Hong Kong, Singapore. I don't think that Shanghai is an option.

[seanmcdirmid]

There is some investment and finance going on in shanghai these days. It isn’t world-class, but everyone wants to be there to learn and look to the future. Kind of like how HK and Singapore were 40-50 years ago.