Shanghai in need of qualified financial workers

(Ecns.cn)--Despite the uncertainty arising from the European debt crisis and the slow recovery of the U.S. economy, the Chinese recruitment market is still promising, especially in Shanghai, according to Morgan McKinley, a global professional recruitment consultancy, on Wednesday.

As China intends to transform Shanghai into an international financial center on par with the likes of New York and London by 2020, the recruitment of financial talent in the city will increase further, the consultancy said.

By the end of 2015, Shanghai is expected to recruit 80,000 to 90,000 more employees in the financial industry, bringing the total number of employees in the field to 320,000.

Currently, the Chinese financial market lacks talent qualified for middle- and high-end positions like managers and senior managers, according to Vivian Ng, managing director of Morgan McKinley's Shanghai office.

Positions in customer management, private banking and risk management are particularly in demand, but Chinese talents need to improve their management experience and language proficiency to better serve the industry, added Vivian.