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March 16, 2010

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Joint effort to lure finance talent

SHANGHAI is teaming up with financial professional associations and educational institutions to expand its net to attract highly-experienced professionals to work in the city as part of its goal to be a global financial hub.

The Shanghai Financial Association, an affiliate under the government's Shanghai Financial Services Office, yesterday signed strategic partnership deals with the Chinese Finance Association based in the United States, the Canadian-Chinese Finance Association, Shanghai Foreign Service Co, Shanghai Advanced Institute of Finance under Shanghai Jiao Tong University and eFinancialCareers, a job Website, to extend its search for highly-qualified financial professionals.

The SFA yesterday launched a job Website, www.shf-hr.com, for applicants to find out more information.

Shanghai will deepen its efforts to build itself into a global financial hub by 2020 and attracting and retaining these talents is part of the key measures, said Tu Guangshao, Shanghai's vice mayor.

The Shanghai Financial Services Office has already ventured overseas on two hiring drives over two years. It led banks, insurers and brokerages to Britain, the United States and Singapore to hire senior financial professionals.

Shanghai is short of experienced financial talent. The industry accounts for more than 10 percent of the local gross domestic product, providing 230,000 jobs.




 

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