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Where are you currently based if you don't mind me asking?
Tread carefully with your cost of living calculations and the uncertainty of the political situation if you are considering Hong Kong as a serious option. Also it may be challenging if you don't speak Mandarin or Cantonese as you will interface with mainland China investors and even more so now.
Singapore is a much more attractive option these days.
VC associate gigs don’t pay that much salary. It’ll be on par or slightly lower than consulting but carry is where you make the $$$$$$.