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Reuters
Reuters
Business

In China's Wall Street, bankers and traders sleep in offices to beat Shanghai COVID lockdown

Birds fly above the Lujiazui financial district, amid the lockdown in Pudong area to contain the spread of the coronavirus disease (COVID-19) in Shanghai, China March 28, 2022. REUTERS/Aly Song

More than 20,000 bankers, traders and other workers are bedding down in office towers in Shanghai's Lujiazui district as they bid to keep China's giant financial hub ticking over through a COVID-19 lockdown, according to local administration officials.

Brokerages, asset managers and financial exchanges in Lujiazui - China's answer to Wall Street - rushed to summon key personnel to offices ahead of Monday's lockdown in Shanghai, and prepared sleeping bags and basic supplies for overnight stays.

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