In a sign of China’s mushrooming importance in Hong Kong’s financial services sector, an analysis of 600 banking job vacancies in the city by a financial careers web portal found that 53% of investment and corporate banking positions now require Mandarin proficiency.
“This is something that’s been talked about in the industry for quite some time, so the study’s findings were not massively surprising,” said Neil Clark, marketing director Asia Pacific for eFinancialCareers, which conducted the study in March this year. “The hard data supports anecdotal evidence of a rising demand for Mandarin speakers, particularly in the wealth management segment.”
Clark said the financial recruitment firm plans...