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Chinese lenders scramble to strengthen their trading desks

Currency traders in demand as China opens capital markets, pushes for yuan's inclusion in IMF's SDR
Thursday, November 26, 2015 - 05:50

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China's yuan internationalisation push poses a human resources challenge to the local financial industry, according to a Beijing-based partner at a human resources firm.

Shanghai

FROM London to New York, currency traders are clearing their desks as business evaporates. In Shanghai, however, new positions stay unfilled for weeks and prized experts are encouraged to put in overtime.

Frank Zhang, head of foreign exchange trading at China Merchants

sentifi.com

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