Please share your thoughts. I have been unable to sleep because of this. Have been putting in my soul to get an offer an Hong Kong IBD this coming summer and thr current situation is making me feeling hopeless. Please advice. I'm going to BAML HK.
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Dude, ngl to you but things are looking bad. Dealflow in my bank, especially with China, have been looking quite bad. Eitherway, calm your tits down. It's distressing, but having a BB name on your CV can open doors to many places.
Return offer rates haven't been discussed - but obviously they're going to be much lower. In particular, for BAML HK- they extended offeres to 8 out of 12 interns last year.
Thanks for your info, you calmed my tits.
What about S&T? Given offer rates were low last year, what do you think this year's return offer rates will look like? Or is it more or less the same as IBD?
Interested too. Appreciate any insights. Also does anyone have issues with visa application since everything has been ceased?
Mine is still processing. Did anyone get theirs already?
Don’t think many if any have visas approved as of now given that HK has suspended visa services for two months.
Expect extremely bad rate, especially with the banks that worked on LK
LK?
Luckin Coffee, which has recently been hit by a scandal.
Can you elaborate in what ways banks that worked on LK IPO would be impacted? Correct me if i'm wrong but I thought a hit, if any, will be on its auditing firms.
Seems like they are blaming the COO
After u get into ib you would realize in asia, ib also lends to their clients
And it is where things start to get funny
Nope. Ernst & Young says and I quote "uncovered the problems" at Luckin. Oh yea they are gonna get sued for sure but it's not the accounting firms first rodeo so they know what they are dealing with.
What's done is done. I don't think the accounting firm will get much hit. Minority shareholders of Luckin the reputation of Chinese ADRs are butt-f*ked and for sure. From that perspective, my theory is bb banks' ADR IPO business may get hit because the demand side will weaken. Size wise? No idea.
https://www.wsj.com/articles/ernst-young-says-it-first-found-accounting…
Hi I was wondering how the virus is gonna affect the AM division at top BBs in hk? I’m an incoming SA and honestly I’m freaked out
im an incoming IBD SA too. Do anyone see the internship being cancelled/pushed back/completely online?
Heard JPM & BAML/BofA have delayed summer internships in HK. I’m from another BB and have heard nothing yet. Mine sent me an email two weeks ago confirming original start date.
Can confirm. My friend got an email from JPM saying the start date got postponed to July.
May I ask which firm you will be working for? Plz dm me, I haven't received any yet.
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