What Hong Kong’s banker malaise signifies
闲下来的香港银行家
Not just a cyclical blip?
全球各大金融中心都在经历痛苦，伦敦和纽约的银行家一如既往地努力工作，香港的银行家却闲下来了，这预示着什么？
After a frenetic period during the post Covid-19 bubble, investment banking business in Hong Kong has pretty much collapsed.
香港投行业在新冠疫情过后经历了一段狂热的泡沫时期，如今却几乎要垮掉了。
The bread-and-butter business of taking Chinese companies public in Hong Kong or the US screeched to a halt about two-and-a-half years ago, and there are few signs of revival. China M&A volumes have collapsed, and market liquidity on the Hong Kong stock exchange is also drying up.
带中国内地企业到香港或美国上市的主业在大约两年半前戛然而止，几乎没有复苏迹象。中国并购业务暴跌，香港股市的流动性也在逐渐枯竭。
