You are here: Home » International » News » Others
Business Standard

Credit Suisse Group plans to double headcount in China in 5 years

Credit Suisse will add to its China workforce as it targets a 100 per cent increase in revenue there

Topics
Credit Suisse

Bloomberg 

Credit Suisse
The bank has largely normalised approvals for Chinese companies

Group AG plans to double its headcount in China over five years as the firm accelerates its pursuit of the nation’s wealthy, seeking to move past a scandal that’s engulfed once-favoured client and Luckin Coffee founder Lu Zhengyao.

The bank has largely normalised approvals for Chinese companies, ending the increased scrutiny on loans that followed allegations of fabricated earnings at Luckin and a slowdown to weigh the impact of Covid-19.

will add to its China workforce as it targets a 100 per cent increase in revenue there, Asia CEO Helman Sitohang said in an interview.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, September 01 2020. 01:43 IST
RECOMMENDED FOR YOU
.