Once high-flying Hong Kong bankers become a lost generation

Hong Kong IPOs have dried up as stock prices slump and economic prospects wane.

HONG KONG: When Eric Li lost his job after his family office employer relocated away from Hong Kong, he knew he would be facing a tough job market. He had no idea how hard it would be.

More than a year on, Li is still searching. The bills have piled up – nearly HK$60,000 a month for rent and HK$1mil annually for his children’s education. The worst part though is the fear, and gradual acceptance, that this is not even rock bottom.