China banks rush traders back to office amid Covid - BusinessMirror

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China banks rush traders back to office amid Covid - BusinessMirror
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Some Chinese financial institutions are rushing employees back to office as surging absences of traders and other key personnel over the past week amid the nation’s massive Covid-19 outbreak start to disrupt operations.

SOME Chinese financial institutions are rushing employees back to office as surging absences of traders and other key personnel over the past week amid the nation’s massive Covid-19 outbreak start to disrupt operations.

Sinolink’s Shanghai-based media representative said the company continues to focus on areas including employee well-being, workplace safety and business continuity in a written reply. At least two asset managers are making rare compromises by allowing Covid-infected traders to trade remotely for the first time, people familiar with the matter said. The firms require employees who were off sick to have surveillance cameras installed at home so that all their transactions can be monitored when they’re well enough to work, people familiar with the matter said.

The disruptions are so sudden and unbearable that cities including the western metropolis of Chongqing and those in the eastern manufacturing hub of Zhejiang province were telling workers with mild symptoms to go back to work.

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