China's banks and investment firms are calling on essential staff to live at the office this week to avoid any trading disruption during Shanghai's massive Covid lockdown.
A version of this story appeared in CNN's Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country's rise and how it impacts the world. Sign up here.A person familiar with the matter told CNN Business that traders and fund managers were being offered between 500 and 2,000 yuan per night to camp out at work, with some companies placing folding beds under workers' desks.
China battles biggest surge in Covid cases since original Wuhan outbreak 03:41Another firm, Foresight Fund, also said some of its staffers had been staying at the office since March 16."Weekends are no exception. They bring daily necessities and call the company home," it said in a post on WeChat, featuring photos of a well-stocked pantry and camping beds set up beside workers' desks.
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