Junior Bankers Win Up to 30% Pay Hikes in Hong Kong Deals Boom

Citic Securities Ltd. and other Chinese brokers are raising pay levels again for junior bankers in Hong Kong to boost retention and handle a jump in dealmaking, according to people familiar with the moves.

China’s biggest broker is raising pay at its Hong Kong CLSA unit, giving 15% to 30% bumps to about HK$75,000 ($9,600) to HK$80,000 a month to select junior associates, the people said, asking not to be identified because they aren’t authorized to discuss compensation. The raises don’t apply across the board, one of the people said.