久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Financial sector short of talent

By He Wei | China Daily European Weekly | Updated: 2011-07-22 11:09

 

 Financial sector short of talent

The Lujiazui financial district in Shanghai. The difficulty in hiring and retaining high-caliber professionals has become the biggest business challenge for companies in the Chinese financial hub. Shen Jingwei / for China Daily

Lack of skilled professionals in Shanghai inhibiting the city's development as a financial hub

While regulations are being finessed for the launch of the Shanghai international board, which would allow foreign companies to list on the Chinese mainland for the first time, attention is also being focused on one crucial element: a chronic lack of skilled financial professionals.

Foreign banks and local securities companies are scurrying to find workers with the right skills and experience. Even Tu Guangshao, Shanghai's vice-mayor in charge of finance services, says the greatest inhibitor to the city's bid to be a world financial center is the lack of professionals.

The latest statistics show that the number of people working in finance in Shanghai is 300,000, up from the 200,000 in 2006. However, that is only 2 percent of the city's total work force. In New York, the figure is 10 percent.

There are fears this could hamper China's ambition to turn the city into a competitive international financial center that could rival New York, London, Hong Kong or Singapore by 2020.

Career opportunities

In an April survey conducted by eFinancialCareers.com, a leading global website for career advice in banking and financial markets, 56 percent of responding companies said they are looking to increase their head count in 2011. However, 95 percent of them believe there is shortage of skilled talent in the current market. As many as 28 percent described the shortage as "long-existing".

Further complicating matters is a tendency among those already employed in the sector to switch jobs.

Fluidity is typical in the financial services industry, according to George McFerran, head of Asia-Pacific at eFinancialCareers. Referring to another survey his company conducted, he says: "While 77 percent of respondents expressed their satisfaction with their current job, they said they are still continuously looking for better career opportunities. Another 13 percent said that they were unhappy and wanting to change jobs as soon as possible."

Mark Hall, a manager at Kelly Services China, a human resources and consulting company, echoes the sentiment.

Hall cites a recent study that showed the majority of financial organizations (93 percent) reported a lack of middle- to senior-level professionals with relevant skills, which had a negative effect on their ability to serve clients.

"The difficulty in hiring and retaining middle- to senior-level professionals has remained the top business challenge for companies," Hall says.

Furthermore, the greatest negative effect is experienced by the private equity and trust ends of the business, followed by funds, securities, insurance and investment banking. The skills reported to be in shortest supply are those considered most important for middle-ranking and senior executives in the sector. Initiative and enterprise - considered to be two of the most important skills - are cited among the top skills in short supply.

"As the financial services sector in China is constantly challenged by changes, organizations are looking out for middle- to senior-level professionals who possess high levels of initiative and the ability to build long-term relationships with clients as well as autonomously sell products and services that are targeted to individual client needs," Hall tells China Daily.

This has mirrored findings from eFinancialCareers, which identified corporate banking relationship managers, private banking relationship managers and risk managers as the top three professionals most wanted in the talent pool. "As the financial sector is by nature a service industry, it is highly essential to maintain relationships to draw clients and sell products," McFerran says.

Previous Page 1 2 3 Next Page

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产视频久久 | 欧美日韩美女 | 日本一区二区三区精品视频 | 网红毛片| 美女张开腿给男生桶下面视频 | www.av在线免费观看 | 欧美性色xo影院在线观看 | 朝鲜美女免费一级毛片 | 亚洲欧美一区二区三区不卡 | 日产一区二区三区四区 | 黄色在线视频网 | 亚洲免费成人网 | 国产欧美日韩不卡在线播放在线 | 成人在线一区二区 | 日韩字幕一中文在线综合 | 成人五级毛片免费播放 | 喷潮白浆 | 日本美女视频韩国视频网站免费 | 免费男女乱淫真视频播放 | 老司机午夜在线视频免费观 | 99热久久免费精品首页 | 91一区二区视频 | 日本xxxxx久色视频在线观看 | 一区二区中文字幕在线观看 | a级国产乱理伦片在线观看99 | 污到下面流水的视频 | 午夜美女影院 | 国产精品视频久 | 欧美成人自拍视频 | 亚洲第一页在线 | 黄色三级网址 | 日本韩国一级片 | 日本久久精品视频 | 5388国产亚洲欧美在线观看 | 玖玖国产在线 | 久草在线免费看 | 免费看一片 | 日韩在线网 | www亚洲视频 | 日本亲子乱子伦视频 | 在线国产一区二区 |