Market Size of China Recruiting Market 2002-2006
April 12th, 2006According to iResearch's China Online Recruiting Research Report 2004, China recruiting market rose to 4.16 billion RMB in 2004 and is expected to reach 5.12 billion RMB in 2006.
Deutsche Bank names head of trade finance for China
April 12th, 2006LONDON, April 7 (Reuters) - Deutsche Bank has appointed Wang Tao as head of trade finance for China within its global transaction banking division, the German bank said on Friday.
Tao, who will be based in Shanghai, will look after local trade sales and the expansion of the bank's products on offer in China.
Tao was most recently head of forfaiting for HSBC in China, where he was responsible for delivering both structured financing and forfaiting solutions within the Chinese market.
Forfaiting is a form of trade finance that allows an exporter to grant attractive credit terms to foreign buyers.
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April 10th, 2006Sony China Chairman Retires
April 8th, 2006Sony China chairman Kei Kodera retired on March 31, reports Sina. Sony vice president Shizuo Takashino will replace Kei as Sony China's new chairman. Shizuo Takashino has been Sony China's general representative and Sony China design president since 2005. The report said that in 2006 Sony will increase its fixed-asset investment in China by about US$200 million.
Red Hot China Venture Capital Forum Strikes Reform Gong
April 8th, 2006China's venture capital's emerging industry has struck the gong for much needed reforms for domestic venture firms at the sell out China Venture Capital Forum now being held in Shenzhen with over 1000 attendees. Sure, this discussion does reaffirm the purpose of this blog to educate and inform more global investors on these prescient trends: China's policy drivers have full intentions to reform its nascent venture capital industry, liberalize the listing requirements for domestic startups and increase the available research and development funding for science parks.
According to an article in the Red Herring, "of the total of 183 Chinese venture-backed IPOs to date, 76 percent, or 143 were in foreign capital markets, and only 24 percent (4) were domestic claims the father of China's venture industry, Cheng Siwei, Vice Chairman of National People's Congress.
Siwei's keynote address was bolstered by the voice of Xu Guanhua, the Minister of Science & Technology, who also sounded a clarion call to the Communist Party to dramatically relax listing requirements for Chinese companies so they no longer have to go offshore.
Of course, there are many reasons for the short march of Chinese venture capital liberalization. Professor Haiyang Li, Assistant Professor at the Jesse H. Jones Graduate School of Management at Rice University commented on this trend in a recent e-mail to CVN.
"I believe that the rush of venture capital funds into China's technology industries is driven by two types of factors: domestic and international. From a domestic point of view, over the past 15 years, many Chinese technology firms have been growing very fast and they are facing "bottleneck" right now in terms of managerial capabilities, strategic market selection and financial support."
Many western investors believe that the increased entry of China venture capital funds might solve some of these problems.
The key point sounded at the opening day forum is China's ambitious goal to increase funding for research and development by 20010 to almost $112 billion. The view form both academics and industry watchers is that the Chinese government's mandate on proprietary innovation over the next decade sends a clear signal to the capital markets that China Inc. expects to see more technology entrepreneurship.
Expect to read here about a flood of deals to be announced over the course of the next few months.
http://www.chinaventurenews.com/50226711/red_hot_china_venture_capital_forum_strikes_reform_gong.php
China Data: Human Resources
April 7th, 2006China Business Review recently published a HR data sheet, you can download from here. Inside, you will find:
Compensation and turnover statistics, as well as tips for attracting and retaining talent
China's Tight Talent Market
China Market Movement, 1995-2005
Salary Increase Rate by Job Level in First Tier Cities, 2005
Average Salary Increase by City, 2005
Salary by Exptriate Type, 2005
Total Cash Composition by Expatriate Type, 2005
Supplementary Benefits Practices among Foreign-Invested Enterprises, 2005
Employee Turnover Rate, 2001-05
Turnover Rate by Staff Type April 2004-March 2005
Why Employees Leave, 2005
Why Employees Stay, 2005
Tips for Attracting and Retaining Talent
Pitfalls in Talent Acquisition in China