Working in JP MorganHong Kong

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Working in JP
Morgan/Hong Kong
Shenzhen

• Summer 2005 Joy Tang

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Most buildings within 50 years old
Buildings with brands
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The City by the Ocean
Amazing Night Life, the city that never sleep
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Chinese New Year
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A Highly Compact City
One of the most expensive area in the world.
(NYC, Tokyo)
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Culture Structure in HK
English Speaking background, (Britain, Europe,
US, Australia)
Rich Locals (Mr. Lee )
Average Income HK Locals
Philippine/Indonesia maids

• History -- Britain Dominated for 100 years,
  Reunion with China on Jul.1st.1997
• Diverse Culture Immigrants, tax free policy
• Horizontal in similar culture background
  Language determine social class

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HK Culture ---

• When East meets West
• Insecurity -competitive
• Fast Pace
• Appearance Conscious
• Collectivism (resume book)
• Convenience -compact
• Social Hierarchy
• Fashionism
• worlds top hip-hop city

• Diversity Appreciation
• Money Driven
• Submissive
• Night Life
• Realistic
• Exaggerate Humor
• Friendly competition?
• Tropical city with No Sun

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Hong Kong Breakers
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JP Morgan/HK overview

• Compensation --Roundtrip air fairs, hotel (3
  banks), dinners, 9,800USD /19wks, (47 interns, 1
  Caucasian)
• Divisions -- Investment Banking vs. Trading
  (hours, efficiency), division presentations
• Hours 8am-7pm, lunch break, market hours,
  weekend off
• Dress Business Casual/Formal
• Securities the Chinese Wall
• Training lessons
• Entertainment Programs horse racing, free
  drinks, other bank receptions
• Diverse Ethnic interact with American, Hong
  Kong Local, Japanese, British, Chinese Bosses.

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JP Morgan Main Structure
Information Side
Me!
Chinese Wall
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Week Day Life

• Take free shuttle, taxi to work (only 20mins
  away)
• Central (Hong Kong Wall-street)
• Lunch with other interns (change restaurants)
• Change shoes, walk back. (observation business
  man caring school bag?)
• Gym (personal trainer, DVD players)
• Bank Cocktail Presentations (Goldman Sachs,
  Morgan Stanley, Citigroup, CSFB, all female
  cocktails)
• Sleep (small room, big bed)

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The Trading Floor
3 screens 1 mic 2 phones 2 keyboards 20 broker
buttons Huge TV Ocean View Shouting at each
other Silent on weekends Traders, Sales,
Strategist side by side.
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Entertainment Commercialism

• Clubbing -- Lan Kwai Fon Street, Dragon-i club
  (GS), model night, no age restriction for alcohol
  
• Shopping tax free, brands, heaven of shopping,
  harbor city
• Dining diverse, fast but not fast food
• Karaoke
• Magazines emphasis the riches and the beauties
• Movie same release schedule as US, Hong Kong
  Hollywood

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Sightseeing Asia Orlando

• Disneyland
• Ocean Park
• Star Ferry
• Victoria Peak
• Buddha Mountain