Wall Street Steps Up Hiring in China, With Analysts in Demand
- China research analyst tally nears 3,500, bucking global drop
- Broker consolidation seen damping demand in years ahead
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Fresh hiring in China by global banks including JPMorgan Chase & Co. and Nomura Holdings Inc. as Beijing opens its $53 trillion financial market helped push the nation’s headcount of research analysts to a record for a fifth straight year.
Registered analysts climbed 8% to 3,475 last year, according to the Securities Association of China. By comparison, the combined equities research tally at 12 major banks worldwide shrank by 12% in the first half, data from consultant Crisil Coalition show.