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Goldman Sachs Is on an Unprecedented Hiring Spree in China

  • Bank in process of adding 320 staff on mainland, in Hong Kong
  • Goldman plans another 100 hires this year to fuel expansion
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WATCH: Goldman Sachs Group Inc. is said to be on an unprecedented hiring spree in mainland China and Hong Kong. .Jonas Bergman reports.(Source: Bloomberg)
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Goldman Sachs Group Inc. has been on an unprecedented hiring spree in mainland China and Hong Kong in the first four months of the year as the Wall Street titan pushes further into the world’s second-largest economy.

The bank is in the process of hiring 320 staff, including 70 to focus on investment banking coverage, said a person familiar with the matter, who asked not be identified discussing confidential information. It’s planning to add another 100 employees through the rest of 2021, with many of the additions this year filling newly created roles, the person said.