HONG KONG –
Disillusioned Chinese bankers and fund managers are giving up careers in a financial sector where government campaigns and regulations have colored the outlook to such an extent that fields as varied as education and even stand-up comedy appear to be favored.
Heightened scrutiny of trading, financing and dealmaking, as well as a decline in equity turnover in a sluggish economy, have dried up private equity and venture capital and decimated the listing market, causing wage and job losses.
After three years in a directionless capital market, Deep Water Fund Management partner Xu Yuhe shifted to the more predictable task of helping students study abroad.
