Goldman Sachs is hiring more than 400 employees in mainland China and Hong Kong, the latest foreign bank to expand its presence in the region.
According to Bloomberg, the US bank is in the process of filling 320 positions, including 70 in its investment bank. It plans to add another 100 staff before the end of 2021. They are also including a personality test for jobs so that they can choose the right employees.
International Adviser has contacted Goldman Sachs for a comment, but it declined to comment.
This news comes as Beijing further opens up parts of its financial sector, including asset management, insurance and securities.
In December 2020, Goldman agreed with its Chinese partner Beijing Gao Hua Securities to take 100% control of its mainland joint venture Goldman Sachs Gao Hua. It is waiting on final approval from regulators to complete the deal.
