Goldman poaches CICC's chief economist

Ha Jiming will join the investment banking division at Goldman Sachs in October.

Goldman Sachs has hired Ha Jiming, China International Capital Corp's chief economist, for a position within its investment banking division, a source said yesterday. Ha will be a managing director and will start work in October.

Few details were available about the move, which was initially reported by The Wall Street Journal. However, the hire shows that Goldman continues to expand its China-focused investment banking team to meet the steady increase in the deal flow. In the first half of 2010, Chinese companies, led by Agricultural Bank of China, raised a total of $53.9 billion through the equity capital markets, which was the highest first-half volume on record and more than double the...

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