West is no longer best in banking. With the bulge bracket busy slaughtering staff, now’s the time to join a Chinese bank.

Chinese i-banks are booming on the back of growing local equities markets, according to consultancy Dealogic.

And the global players are still shut out of Chinese underwriting – yet another reason to go local with your career if you want real deals in China.

Matthew Phillips, head of PricewaterhouseCoopers financial services M&A practice in China, explains the new world order: “If there are any doubts that the balance of financial power is swinging towards Asia, one only has to look at the FT Global 500 index. Four Chinese financial services companies – ICBC, China Life Insurance, China Construction Bank and Bank of China - are in the top 21 global companies by market capitalisation.”

Would you work for one of these banks to get a slice of the Chinese action? Make your opinions known below.