Headhunters seek China banking specialists to buffer against crisis

Hong Kong

EVEN as investment banks cut jobs across Asia, they are hiring staff to help China's lenders reinforce buffers against a financial crisis.

Difficulty finding bankers with Chinese language skills and relevant expertise is also forcing firms to "re-tool" existing employees with training, global headhunting firm Sheffield Haworth said. There has never been more at stake after Chinese lenders raised a record US$62.8 billion selling US dollar bonds in 2016. Rating companies said that they will need to sell more debt with equity characteristics to replenish capital this year.