Top fi­nan­cial tal­ent in high de­mand

China Daily (Canada) - - TOP NEWS - By LI XIANG and ZHENG YANGPENG

High-end jobs are flour­ish­ing with the launch of China-ini­ti­ated new fi­nan­cial in­sti­tu­tions, and an im­mi­nent change in share-listing rules in the do­mes­tic mar­ket.

In­dus­try ex­perts say this is just part of the boom­ing de­mand among Chi­nese com­pa­nies for global man­age­rial tal­ent in their over­seas ex­pan­sion and busi­ness tran­si­tion.

The re­cruit­ment wave is be­ing led by the Asian In­fra­struc­ture In­vest­ment Bank, an in­ter­gov­ern­men­tal re­gional de­vel­op­ment in­vest­ment ser­vice that was for­mally es­tab­lished last week.

The AIIB posted five job va­can­cies on its English-lan­guage web­site six days be­fore its of­fi­cial es­tab­lish­ment on Dec 25, and 33 other va­can­cies in the fol­low­ing days.

The Silk Road Fund, a de­vel­op­ment fi­nan­cial institution funded solely by China, has ad­ver­tised 10 po­si­tions on its web­site since Dec 10.

A Web sur­vey con­ducted by Chi­ found that re­cruit­ment of high-end fi­nan­cial ser­vice man­agers has risen through­out the year. The first three quar­ters saw a dou­bledigit rise in many coastal ar­eas, rang­ing from Shen­zhen.

Ap­pli­ca­tions have closed for di­rec­tor-gen­eral-level po­si­tions, vice-pres­i­dents, chief fi­nan­cial, in­vest­ment and ad­min­is­tra­tive of­fi­cers at the AIIB. The Min­istry of Fi­nance has said that re­cruit­ment is con­tin­u­ing and more posts will be­come avail­able.

In­ter­est for the top-level jobs has been high. Pro­fes­sion­als in China’s bank­ing sec­tor had been in­quir­ing among them­selves about how to sub­mit their CVs to the bank’s Mul­ti­lat­eral In­terim Sec­re­tariat, which at that time had not started open hir­ing.

Jin Liqun, sec­re­tary-gen­eral of the sec­re­tariat and


to pres­i­dent-des­ig­nate of the AIIB, told Xin­hua News Agency that the bank will hire employees trans­par­ently. They must have good work ethics, out­stand­ing pro­fes­sional ex­per­tise and strong com­mit­ment.

“There will be no life­long po­si­tions here. All employees will have a one-year pro­ba­tion pe­riod,” Jin said.

A man­ager at a Chi­nese se­cu­ri­ties bro­ker­age, who ap­plied for an AIIB po­si­tion and re­quested anonymity, said ex­pe­ri­ence with such a bank would be a ca­reer high­light. “I just feel the bar is high and com­pe­ti­tion will be fierce,” he said.

Con­tact the writ­ers at lix­i­ang@chi­ cn and zhengyang­peng@ chi­

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