Bank of China Hires in Hong Kong for High-Yield Bond Trading
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Bank of China Ltd. is hiring traders and sales people in Hong Kong as it sets up a high-yield bond-trading platform to boost market share and cement its position as one of Asia’s top 10 debt underwriters.
Surging sales of Chinese corporate dollar debt and Dim Sum bonds, or yuan securities issued outside the mainland, justify the additional headcount, said Tony Wang, deputy general manager for global markets at Bank of China (Hong Kong) Ltd. China’s fourth-largest lender is seeking to grow as companies step up offshore fundraising to finance overseas acquisitions, he said, declining to say how many people the bank intends to recruit.