It's pretty useful if you work in trading business in North America or Euro. It pretty much covers the most popular/ complex products in Sales& Trading business and the hedging/ valuation techniques introduced in the courses are also really practical.
I don’t know about china, but in North America, Banks usually have a huge division that solely focus on Risk Management that requires extensively knowledge from FRM or beyond. So I personally believe FRM is quiet useful according to my two year experience in trading business
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