Poor-mouthing brokers have fat bottom lines

Soaring turnover on the Hong Kong stock exchange in 2007 drove brokerage profits to a peak of HK$32.4 billion. Photo: Oliver Tsang

Brokers often complain that keen competition and the shortening of lunch breaks at the stock exchange have made their lives miserable, but their bottom lines tell a different story.

Tuesday, 1 April, 2014, 12:12am

Brokers flee HSBC for Chinese investment banks in Hong Kong

HSBC introduced a new remuneration system last year. Photo: AP

Dozens of former stockbrokers at HSBC have recently found new jobs at two rapidly expanding Chinese investment banks in Hong Kong after they left the British lender over disagreements on salaries.

12 Mar 2014 - 5:04am 7 comments