Covid Rips Through China Trading Desks

As COVID-19 restrictions ease in China, worker absenteeism rises, impacting trade and economic activities. Financial institutions face challenges with little official guidance, leading to disruptions. The new normal involves adapting to short staffing and slowdowns, with some banks retaining split teams while others advise sick workers to stay home.

What has been one of the effects of the rise in COVID-19 cases in China on financial institutions?

• Decrease in currency value

• Higher absenteeism among workers

• Faster execution of trades

• Increased hiring of new staff

What is one of the challenges faced by people in China as they return to normal life?

• Lack of public transport

• Shortage of medical supplies

• Closure of financial institutions

• Increase in travel restrictions

How are financial institutions in China managing the transition out of lockdowns?

• By closing branches

• By retaining split teams

• By increasing working hours

• By hiring international staff

What approach are most financial institutions advising their workers to take if they feel unwell?

• Take a short leave

• Work from home

• Continue working from the office

• Visit a hospital immediately

What has become part of the new COVID normal in China according to the transcript?

• Increased international travel

• More public events

• Short staffing and slowdowns

• Higher economic growth