This is really sad but true...
there are more 三大普通business科 mainland in ibd than ivy local hk ppl (for new junior hires). They are at least as competitive as local ivy grads
For top-tier or even mid-sized PE shops, the situation is way worse. Havent seen a local HK junior person joining a decent shop for some time
(excluding real estate funds, which HK ppl might still have an edge)