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November 9, 2010

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Home » Metro » Education

City hunts for financial talent online

SHANGHAI plans to launch an online financial job fair for overseas experts in an effort to fill the talent gap in the economic sector and help smooth the way to becoming a global financial hub by 2020.

The financial industry is expected to have 360,000 people working in it by 2015 in Shanghai, a rise of more than 50 percent from the current level of 230,000.

Since 2008, Shanghai has launched two hiring campaigns in London and New York to encourage expatriates or Chinese nationals working in finance there to come and work here.

However, the number of people actually recruited by financial institutions through the campaigns did not justify the high expense of holding the events abroad.

Shanghai has teamed up with to get global access to more than 800,000 financial professionals from 23 countries and regions including the United States, United Kingdom, Hong Kong, Singapore and Canada, senior officials from the Shanghai Financial Service °?Office said yesterday.

"The online platform will provide a sustainable and cost-efficient way to explore professionals," said Sheng Yuruo, an official from the financial service office.

A 48-hour virtual job fair will be held, starting from 8am on December 11, with online face-to-face interview opportunities.

Twenty-one leading financial institutions will offer nearly 100 positions involving the banking, securities, insurance and futures sectors.

Employers will include Union Pay, the Shanghai Stock Exchange and the Shanghai Gold Exchange.


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