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Lujiazui on campus recruiting drive

FINANCE graduates are being targeted by the largest recruitment drive in Pudong New Area's Lujiazui Financial Center as part of Shanghai's plans to become a global financial hub.

The second leg of the campus recruitment tour arrived at Jiao Tong University today, after a successful fair at Fudan University last Friday.

"Every company has received hundreds of resumes," said Zhang Ye, a PR official with Oracle Bay. "Most of the applicants have reached their standards and some are even better than the companies specified."

A total of 27 financial institutions such as China Development Bank, GTJA Allianz Funds and China Life Property & Casualty Insurance have 136 vacancies in the financial field, with more in the pipeline.

"The drive is to expand the influence of Lujiazui financial zone among university students and attract more talents to work in the area," said organizer Wang Dehong.

The recruitment drive was organized by Oracle Bay, Lujiazui's financial training center. It works with universities and financial institutions to develop joint programs to upgrade the skills of local professionals.
Besides Shanghai, the drive will go to other six cities around the country and hold job fairs in 18 prestigious universities including Peking University and Tsinghua University in the following two months.

Shanghai is China's financial hub, home to the country's largest stock market, its major futures market for metals and energy, its gold bourse and the foreign exchange center.

However, the shortage of financial talent is a problem that restricts the city's development.

Compared with other big international financial centers, Shanghai has only fewer than 10,000 finance professionals, only a tenth of those in London.

"Shanghai is longing for financial talents and talents are looking for jobs in the city. We just act as a bridge to help the two sides and to fortify the city's plan to become a global financial hub," Zhang said.

The city has step up efforts to lure more talents. A Pudong New Area government-funded program which provides free accommodation and career training to financial or shipping professionals was launched this year.


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