Beijing to attract more talent into financial services sector
Published: Nov 10, 2023 09:46 PM
Beijing Photo:VCG

A view of Beijing Photo:VCG

With the nation's financial services industry flourishing, Beijing, the country's financial management center, is going all out to attract more talent into the sector both from home and abroad.

The capital city will implement a more active, open and effective talent policy, optimize the talent development environment, and create a high-level talent ecosystem, striving to make itself an important talent center in the world, Zhang Ruobing, head of the Beijing Talent Work Bureau, said during the Financial Street Forum annual conference that concluded in Beijing on Friday.

Financial talent from both home and abroad will be warmly welcomed, Zhang said.

As the national financial management center, Beijing has abundant financial resources, a concentration of financial institutions, a plethora of financial talent, and is at the forefront of exploring and practicing financial reforms, Yin Li, Party secretary of Beijing, said at the opening ceremony of the annual conference.

Since its official launch in 1993, Beijing's Financial Street - where major banking, insurance, securities and currency services institutions are located - has contributed to the city's role as a national financial management center.

There is a well-known saying that Financial Street contributes nearly 40 percent of the added value of the financial industry in Beijing, despite occupying only 0.02 percent of its physical area. So far, more than 1,900 financial institutions and 175 companies have established their headquarters in the area.

The flourishing financial business in the capital city has increased the requirements for higher standards and top personnel in the sector.

The standards of being politically upright, professionally competent and strictly disciplined in conduct must be upheld in training financial officials, according to the central financial work conference held in Beijing at the end of October.

During Friday's forum on attracting talent, Tang Xing'an, head of the organization department of Beijing's Xicheng district, where Financial Street is located, unveiled a concrete plan to build up its talent pool.

The district will invest 100 million yuan ($13.7 million) in special funds every year to carry out stratified recognition and rewards for high-level talent at home and abroad, and establish a million-yuan talent award to enhance the acquisition of high-level talent, according to the plan.

The district will also provide supporting services, allocating up to 100,000 yuan per person per year for high-level talent.

Global Times