Wall Street investment banks struggle to recruit local talent in China

Wall Street investment banks struggle to recruit local talent in China

Pedestrians walk along an elevated walkway as an electronic ticker displays stock figures in Pudong's Lujiazui Financial District in Shanghai, China, on Friday, Dec. 28, 2018. China announced plans to rein in the expansion of lending by the nation's regional banks to areas beyond their home bases, the latest step policy makers have taken to defend against financial risk in the world's second-biggest economy. Photographer: Qilai Shen/Bloomberg

In the U.S., Wall Street’s biggest investment banks have been known to reject about 95% of job applicants. In China, it’s often the other way around.

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