Lunchtime Links: UBS's great haul in China

After last week's talk of layoffs, you'll be pleased to hear that there are some big ticket hiring plans taking off - in China.

According to Financial News, UBS has been enthusiastically bolstering its headcount across greater China - including Beijing, Hong Kong and Taiwan - and has added 1,000 employees over the last 18 months.

Around 100 of these have been recruited to produce local language research in Mandarin.

Expanding in Asia is, of course, a common tactic for the majority of international investment banks, but mainland China is proving to be challenging when it comes to attracting talent.

Most foreign banks in China are facing a skills-shortage, because - according to our China site - they're often overly choosy, and local candidates struggle to adapt to the fast-paced environment. Local language skills are integral, however, which means that they can't rely on imported talent in the same way they can in places like Singapore and Hong Kong.

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