Morning Coffee: China May Hire Outside of China

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With domestic margins waning, Industrial and Commercial Bank of China (ICBC) is expanding overseas, potentially creating finance jobs in areas like the Middle East, Europe, South America and Australia.

A state-controlled institution, ICBC is the world’s largest bank by market value, giving it plenty of resources to invest outside of China. The Beijing bank wants to be present in as many as 50 countries within the next two years, up from 28 in 2010, according to The Wall Street Journal.

The big push will be in emerging markets like Peru, Saudi Arabia and Kuwait, where competition is less robust, although sources told the Journal it will continue to look for acquisition targets in the U.S. and Europe.

How much hiring ICBC will do isn’t clear, but the bank is expanding at a near-record pace while rivals are tightening their belts. Get your resume ready. As eFC reported, Chinese banks are gradually becoming more attractive to foreigners.

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Receiving a job offer on-the-spot is rare, but it does happen. If it ever happens to you, do this.

  1. Express gratitude.
  2. Tell them you’ll need some time to think about it.
  3. Ask for a formal written offer.

(Source: Glassdoor)

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