Recruiting in China

A delegation of financial organizations in Shanghai started a global recruiting tour Friday afternoon, hoping to fill 115 vacancies by the end of the trip.

The 17 organizations will hold three job fairs overseas, or in New York on Dec. 5, Toronto on Dec. 9 and Singapore on Dec. 13, to recruit high level financial talents.

A similar move last year brought 66 financial talents to the city, of whom five are enlisted in a national program on hiring overseas specialists and each enjoys 1 million yuan (146,400 U.S. dollars) in subsidies from the central government.

Ji Wenguan, head of Shanghai Financial Work Commission, told Xinhua that the Shanghai municipal government was planning to provide support of housing, insurance and education for the talents.

Tax cuts would also be provided for them, said Fang Xing, director of Shanghai Finance Office.

Fang said "Talents and innovation are prerequisite to building Shanghai into an international financial center."

"It is a golden opportunity to do creative work here, work that can really make a difference, as the financial sector is developing rapidly in China," said Hua Lei, who was recruited last year and is now supervisor of high-end wealth management at Orient Securities.

In addition, the education and medical care level in Shanghai was as good as anywhere else in the world, Hua said.

"Our payment package is competitive and flexible in the global market," said Yang Qingzhong, human resource manager of Haitong Securities Co., Ltd.

Yang said his company was very satisfied with the performance of the high level talents recruited last year and was offering seven more important posts this time, including manager of assets management division.

Bank of Communications, Shanghai Stock Exchange, Haitong Securities Co., Ltd and other big names in the Chinese financial sector are among the 17 recruiting organizations.