Hiring ‘Princeling’ Complicates Business in China for Global Banks

Fan Yu  |  Epoch Times Two of the biggest global banks, HSBC and Citigroup, announced they are under investigation by the U.S. Securities and Exchange Commission (SEC) for candidate hiring practices. It’s believed that the investigations focus on the banks’ hiring of so-called princelings, or children of state-owned enterprises or government officials, in Asia. Companies have […]