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HSBC to boost China tech headcount by 1000

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HSBC plans to add more than a 1000 jobs over the rest of 2019 at its technology development centres in China, as it seeks to increase its headcount on the Mainland.

The London-headquartered bank will boost numbers at its technology centres by 14% in Guangzhou, Shanghai and Xi’an – building on the current 7,000-strong workforce, said HSBC CIO Darryl West.

“There is a lot more we can do with technology in Mainland China. The level of technology adoption and innovation in China is way ahead of other markets. We see Mainland China as a tremendous source of talent, not just for the local market, but our technology operations globally. We are hiring very aggressively here,” West informed reporters during a tour of HSBC’s technology centre in Guangzhou.

Around 30% of the work done at the Guangzhou technology centre – the largest HSBC tech facility in China with more than 5000 employees – is for the Mainland market and this is expected to increase over the next few years.

HSBC is also using tech centres in China to develop banking products for its global network, such as the bank’s mobile app for its market in the United Kingdom, which was developed in Xi’an, the capital of Shaanxi province, in the northwest of the country.

The main cities to attract talent for the tech centres are Guangzhou, Shanghai and Xi’an.

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