Charles Tsang

Research Team Head (Japan Rate Team Leader) at Traders@HKUST (2026-01 – Present)

Lead a team of 4 conducting macro-driven analysis of Japanese Government Bonds (JGBs), focusing on yield curve dynamics, monetary policy transmission, and rate normalization risks

• Lead a team of 4 conducting macro-driven analysis of Japanese Government Bonds (JGBs), focusing on yield curve dynamics, monetary policy transmission, and rate normalization risks
• Developed trade ideas through integration of fundamental analysis (inflation trends, wage growth, BoJ balance sheet shifts) and yield curve positioning strategies
• Scenario analysis on how rate path changes impact bond yields, credit spreads, carry trades

Research Analyst (FX – USDJPY Team) at Traders@HKUST (2025-09 – 2026-01)

Produced macro commentaries integrating US-Japan rate differentials, geopolitical developments, and central bank signaling into structured trade theses

• Produced 6 weekly macro commentaries integrating US-Japan rate differentials, geopolitical developments, and central bank signaling into structured trade theses
• Synthesized macro data and policy analysis into actionable FX positioning; accurately anticipated BoJ rate hike (19 Dec 2025), ranking 2nd among teams

Business Consulting Intern at Ernst & Young (EY) (2026-01 – 2026-02)

Delivering advisory services for 10+ financial institutions and intermediaries

• HSBC Fund Consolidation & Target Operating Model (TOM) Development, analyzed system alignment across fund structures to enhance operational efficiency within large-scale investment platforms
• Supported pre-IPO internal control review (insurance client), evaluating 10 core operational functions:
• Reviewed SOP documentation and control evidence across 50+ sub-processes to assess governance robustness and institutional maturity for IPO readiness
• Developed structured observations and remediation recommendations to strengthen institutional controls, risk governance, and reporting transparency

Corporate Banking Intern at Bank of China (2025-07 – 2025-08)

Supported buy-side merger and acquisition (M&A) transactions within cross-border advisory mandates through targeted due diligence

• Acquisition analysis (USD 750M+), constructing DCF and IRR models to evaluate enterprise value, return sensitivity, and capital structure implications under varying leverage assumptions
• Assessed debt financing structures and modeled impact of leverage on cash flow sustainability, downside protection, and risk-adjusted return profiles
• Quantified operational and financial synergies (~12% of combined OPEX savings) for a USD 400M target, performing scenario-based stress testing to evaluate durability of value creation across integration outcomes

Participant at Hong Kong Olympiad in Informatics Training Team (2023-01 – 2023-06)

Regional | Only HKOI Awardees are Eligible

• In-depth training comprising technological skill enhancement in C++ or equivalent OOP languages, and advanced theories in Computer Science

Bachelor of Science in Economics and Finance – Hong Kong University of Science and Technology (2024-09)

– Tsuen Wan Government Secondary School (2018-09 – 2024-07)