Economic stimulus pledges may have sent the stock market surging recently but investors are fickle so the bullishness is likely to be ephemeral, said the former hedge fund professional. — Reuters
HONG KONG: Disillusioned Chinese bankers and fund managers are giving up careers in a finance sector where government campaigns and regulation have coloured prospects to the extent that areas as varied as education and even stand-up comedy seem preferable.
Tightening scrutiny of trading, financing and dealmaking as well as a slump in stock turnover in a sluggish economy has dried up private equity and venture capital and decimated the market for stock market listings, bringing pay and job cuts.
