China's political and economic environment is deteriorating

As China's political and economic environment continues to deteriorate, 200 bankers in Hong Kong have been laid off.
Voice of America reported on April 28 that Hong Kong-based investors are at risk of losing their jobs due to factors such as China's economic slowdown and weak stock trading in Hong Kong. Last year, about 200 investors lost their jobs in Hong Kong. Some analysts have suggested that Hong Kong is facing a wave of layoffs in its banking sector as its financial and legal environment shifts toward that of the Chinese provinces.
According to Bloomberg's professional research report released on April 22, about 200 bankers in Hong Kong lost their jobs last year. A senior banker at a European investment bank, speaking on condition of anonymity, told VOA that several colleagues he knows have recently been fired or forced to leave their banks. This is related to the decrease in activities such as listing and buying new shares.
He disclosed some circumstances: "Recently, the number of new shares has not been large, and sales have not been as good as expected. These conditions have put pressure on investment banks. Some people around me (bankers) have really been fired over the past year. Other agencies have adopted different strategies for performance. "Many people have chosen to leave their jobs and move to other places."