Goldman’s Hiring Binge in China

Goldman Sachs is in the process of hiring 320 new employees in China, focusing on investment banking and deal making. This is part of a five-year plan to double their workforce in China to 600. Other investment banks like Credit Suisse, UBS, and HSBC are also expanding in China, leading to a competitive market for talent. The expansion comes as China's economy recovers from the pandemic, with a renewed focus on asset management and securities firms.

What was the five-year plan launched by Goldman Sachs in 2019 regarding their workforce in China?

What challenges does Goldman Sachs face in finding talent in China?