Beijing Stock Exchange Photo: VCG

 

With the fresh launch of the long-anticipated Beijing Stock Exchange (BSE), the recruitment demand for researchers and talent for traders specifically dedicated to the study of BSE and its listed stocks has also surged with many roles offering attractive packages.    

Analysts said that the increasing demand for talent is a direct result of the lack of adequate research teams focused on the BSE, making it difficult for buyers to select quality stocks among current listings. 

The lack of research coverage focused on stocks listed on BSE has become a major talking point, since the research teams from both sellers and buyers have not been fully established, according to financial news portal yicai.com, citing an industry insider, adding that the study and research for listed stocks is still in its primary stage.

"Since BSE just launched, listed companies are still at the early stage of exploration, while the firms' risk resistance is still at a relatively low level," Zhang Yi, CEO of iiMedia Research Institute told the Global Times on Monday. 

Zhang noted that institutions from both sides therefore need talent and professional researchers in order to better dive into the study of the listed stocks, noting that this work will also further promote the development and increase the efficiency of the trading process. 

According to the information from Chinese recruitment websites, the salary for listed researcher positions for the Beijing bourse is relatively high compared with some other institutions. The newly listed positions from institutions on the buyer side for researchers of BSE on a Chinese job-hunting website - Liepie.com range from 20,000 yuan ($3,433.51) to 35, 000 yuan per month with a total yearly income nearly equaling to 24 months' salary. 

In comparison, some listed researcher positions from other similar institutions range from 19,000 yuan to 40,000, with annual income typically reaching 14 or 15 months of salary. 

The increasing trend for recruiting researchers will last for a while as the launch of the Beijing bourse is still pretty recent, said Zhang. 

Analysts also pointed out that it normally takes more than half of a year for sellers to form mature research teams, and it is impossible to just pull together a team and start writing research reports on an individual stock without a research framework in place. 

A research report on a company requires a minimum half a month to a month of preparation, while internal risk control and compliance work is also necessary, said the yicai report. 

Meanwhile, data showed that the study and research on stocks listed on BSE is still lacking with both sellers and buyers trying to recruit more professionals. 

As of November 24, a total of 332 times of research and study cases have been conducted targeting the listed 81 companies, excluding a new company listed on the day, an average of four times for each company, according to yicai.com, adding that the research for 55 listed companies were less than five times and 13 companies were only covered once. 

Two weeks after the launch of the BSE, trading continued to be active, with a steady increase in volume and turnover, securities daily reported on Monday.

Data showed that the total volume for 82 listed stocks reached 540 million shares, an increase of 18.37 percent compared with the week before the opening, and the total turnover reached 11.29 billion yuan, an increase of 49.2 percent. 

The Beijing bourse was officially launched on November 15, with the cumulative turnover in the first five trading days exceeding 21 billion yuan with 340,000 qualified investors joining trading on the bourse.

Global Times