More than 20,000 businessmen, traders and other employees slept in a camera office in Shanghai's Lujiazui district as they worked to make China's huge financial institution, plagued by COVID-19 shutdown, have said city officials.
Workers, manager of real estate and financial exchanges in Lujiazui, China, respond to Wall Street, brought important information into their office before Shanghai closed on Monday (March 28) to prepare sleeping bags and practical accessories for spending the night.
Some have also shifted to two groups and set up financial industry disaster relief centers, which achieved more than 2.5 trillion yuan ($292 trillion) in financial output last year.
20,000 employees at 285 technology offices in Lujiazui Financial City, Pudong, east of the Huangpu River, including volunteers and some service workers, some of which non-profit companies fund, according to the regional office.
Shanghai, home to 26 million people, began shutting down on Monday, allowing commercial aircraft trials by dividing the city along the Huangpu River. Shanghai is China's largest enterprise for trading commodities, contracts, currencies, and commodities.
Amundi BOC Walth Management said senior executives and key investors, industry and risk management workers work and sleep at their workplaces to keep the economy running smoothly.
Meanwhile, Haitong Securities Co. said Chairman Zhou Jie set up an emergency currency exchange office in his Pudong office on Sunday night and brought in more than 150 key staff to work in the office. work begins on Monday. The brokerage company also announced on its official website that it has started transforming two groups of companies.
BNP Paribas' venture capital firm, HFT Investment Management, also laid off 52 key positions from the office at the time of the shutdown. Elsewhere, Sinolink Securities posted a notice on its website late Sunday urging its employees to hurry back to their headquarters in Pudong before midnight to "set up shop for more work and business".
A managing director of a foreign bank in Shanghai, who declined to comment, said his bank was becoming a hybrid business. Inside the business hall in Pudong.
Investments from other foreign banks said borrowers had been using the facility to recover from damage for more than a week and the practice would continue.
The leaders refuse to appear because they are not allowed to speak to the media.
Shanghai Stock Exchange told Reuters. Maintain a small group of staff in key roles in commodity exchanges while others consult in a plan designed to minimize human contact while ensuring secure trading communications.
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