Foreign Banks Are Finding Shanghai A Difficult Place To Hire Forex Staff
BANKS
Expansion plans for Shanghai may be slow-moving, as a number of foreign banks are finding it difficult to find experienced FX dealers, say sources in China. The demand for such staff was triggered earlier this year by the People's Bank of China's (PBOC) decision to begin granting renminbi trading licences to foreign banks (FXW, February 3).
While about nine foreign banks currently hold licences, many more institutions are awaiting approval from the PBOC and are seeking staff in anticipation of
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