Fitch expands to meet China market demand

Kwong Li, head of greater China at Fitch Ratings Ltd, is looking for a bigger office in Shanghai. The company expects to double its headcount in the Chinese mainland within three years as its corporate bond market grows.

Fitch may increase its headcount in its mainland offices in the financial hub and in Beijing to about 60 from 31 in three years, Li said in Shanghai.

The expansion would include employees on its research and business development teams. China's outstanding corporate and government bonds have more than quadrupled in the past 10 years to 36.6 trillion yuan ($5.7 trillion), according to Chinabond data.