SOURCING BANKING TALENT IN CHINA: AN INSIDE STORY

Amidst a bleak global economic outlook caused by concerns for an upcoming US and European recession as well as spill over from recent geographical conflict, the Asian banking sector remains resilient carving out a positive niche for itself amidst turbulent international conditions.

Though the country weathered tough economic prospects in the first half of 2023, China's economic revival seems to be strengthening, as evidenced by third-quarter GDP and retail sales figures surpassing expectations, indicating a reduced requirement for monetary assistance. The country kept lending rates unchanged, easing pressures on net interest margins and opening the gates to renewed recruitment activity amidst positive sentiment.

To learn more about the intricacies of China’s banking and finance sector, we spoke with Sophia Zhang, Senior Business Manager, Banking and Finance Services, Hays China to learn how this industry has evolved to fit the market and what challenges candidates and businesses are facing today.