Sunday, Nov 30, 2008
China wants to recruit our finance "experts" - are they mad?!
FT: Chinese exploit western job losses
Out-of-work finance staff in the UK and US have a new reason for optimism about their employment prospects – especially if they speak Mandarin. Chinese financial institutions are set to exploit the widespread job losses in western financial centres as a result of the credit crunch by next month embarking on a hunt for people willing to relocate. The Shanghai Financial Service Office is sending delegations to New York, Chicago and London to recruit specialists in risk management, asset management, product research and development, macroeconomics and policy analysis. However, the salaries on offer in China are unlikely to meet international standards. [No silly bonuses? Awww, diddums]
Posted by drewster @ 03:59 AM (581 views) Add Comment
13 Comments
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1. planning4acrash said...
Our financial experts are genius at taking cash from people in partnership with the state, they'll do very well in Communist China, just as in the Socialist Peoples Republic of th Late Great Britain. To think, our forebears were the great 19th C Liberals!
2. planning4acrash said...
Win, via freedom, (albeit with some hardship) bought the world industry, democracy, you name it. The establishment, sick of a mobile middle class now only exports financial nepotism to Communists that its bankers payrolled in the 1st place. Shamefull.
3. phdinbubbles said...
"The Shanghai Financial Service Office has told state media the city is sending a delegation to New York, Chicago and London to recruit specialists in risk management,"
Where would this Country be without our 'talented' risk managers? Please take them asap.
4. planning4acrash said...
That is not the question, the question is, how much taxpayers money would the establishment not have now without creating a financial crisis that they could blame on the public. You all look at this via your ego perception. Think via a lense of greed.
5. Bertywooster said...
We have financial experts? Now that is news..
6. quiet guy said...
Does anybody remember this?
http://www.telegraph.co.uk/news/worldnews/asia/china/1454742/'I-blagged-my-way-through,-reading-a-torn-up-textbook-and-ad-libbing'.html
7. titaniccaptain said...
"All senior managers above a certain level at state companies are appointed by the secretive Communist party personnel department, regardless of the wishes of board directors or share-holders."............Im sure Gordon is taking notes on this one..........Drewster it was great to meet you and JU last night....I got home and lost my voice.....must of been the mulled wine
8. paul said...
Yes, I remember that story 'I blagged my way through, reading a torn-up textbook and ad libbing' quiet guy.
The fact is, that's exactly how many of those in finance got their jobs too. Less than two years ago I was at a dinner hosted by an investment bank (won't say which one) and I met a young recruit who spoke very posh. When I asked which Universtity he had just graduated from, he replied (in a very low voice) "Nottingham Trent University".
"Clotted Cream" in other words - rich and thick.
9. drewster said...
TC, likewise, great to meet you guys!
10. Bonner said...
Paul;
I probably taught the NTU graduate. I am very sorry for inflicting that on you and the economy in general!
Don't get me started on the arm twisting that goes on by senior management in Universities to pass the little 'Darlings' at all cost. (Pun intended).
They won't get their performance related pay if a few of them fail. Get the idea?
11. Bonner said...
Paul;
Sorry! about inflicting the NTU graduate on you. I probably taught it at some time.
The problem is that we are arm twisted to pass them, otherwise the Senior Managers don't get their performance related pay.
Either that or Ma an Pa would sue if their little 'Darling' doesn't get his or her 2:1.
12. str 2007 said...
Sorry I couldn't make it in the end guys, family, flu etc. blah blah, all on the wrong weekend.
But thanks for the effort of organising it TC.
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