Bank of China on a hiring spree in HK

Bank of China Ltd is hiring traders and sales staff in Hong Kong as it sets up a high-yield bond-trading platform to boost market share and cement its position as one of Asia's top 10 debt underwriters.

Surging sales of Chinese corporate dollar debt and dim sum bonds (yuan-denominated securities issued outside the Chinese mainland) justify the additional hiring, said Tony Wang, deputy general manager for global markets at Bank of China (Hong Kong) Ltd.

China's fourth-largest lender is seeking to grow as companies step up raising funds offshore to finance overseas acquisitions, he said. He declined to say how many people the bank intends to recruit.