Candidates for even relatively junior positions at multinational companies were sometimes interviewed by very senior management from headquarters before being offered a job, Ambition said.

Hiring generally was taking about eight weeks, compared with 4-6 weeks last year. (more…)

CB Richard Ellis established a presence in Hong Kong in 1978 and has been operating in China since the company was appointed as the leasing consultant in relation to Tower One of the China World Trade Centre in Beijing in 1988. CB Richard Ellis has also had an operation in Taiwan since 1990. (more…)

Whether these students succeed or fail on the exam determines their competitiveness for future jobs and changes the course of their lives in this demanding society. This year, there are twice as many candidates as there were university spots. In turn, the top universities in China and Hong Kong are competing for zhuangyuan—a Chinese term for exam champions from each city and province, numbering around 70 each year nationally.

Of the 614,000 students in Guangdong Province, 21-year old Yang Yang was the 2007 CEE Champion. After turning down an offer from Tsinghua University, a top university in China, he now studies at the Hong Kong University of Science and Technology (HKUST). (more…)

China

The State-owned Assets Supervision and Administration Commission (SASAC), which represents the State in more than 150 major State enterprises, will announce its recruitment plan next Tuesday.

The commission will look for three general managers, 10 deputy heads and three chief accountants for 16 major enterprises in a variety of sectors, such as power generation, electronics, chemical and trade. Some firms, such as Baoshan Iron and Steel Co, and FAW, China’s top automaker, are among the world’s top 500 enterprises. (more…)

Chief executive Li Hsu had a problem. The head of Fiberxon, a California manufacturer of components for communications networks, spent three months searching for a vice president of his main operations, which are in China. He finally landed one–who left three months later for a better offer. For another top job, Hsu poached a candidate from one of his vendors in Taiwan. In China, he says, it’s easy to find weak recruits, but topnotch talent? That’s tough–very tough.

China faces a critical shortage: experienced, highly skilled managers. The numbers are astounding. The country has some 25,000 state companies, 4.3 million private firms and massive industrial overcapacity. But it has too few experienced managers for even the elite firms. (more…)

The quake has deprived 1.15 million farmers of the means of production too, Vice-Governor Li Chengyun told a press conference.

The UN Food and Agriculture Organization (FAO) on Monday said Sichuan farmers lost about $6 billion in the quake, which killed millions of farm animals and deprived up to 30 million rural residents of most of their belongings. (more…)

This survey was carried out by Lingnan University from September to December 2007 to evaluate local financial professionals. After visiting 30 local and international financial management representatives and over 800 employees with less than 3 years working experience, they issued a research report on “Financial Professional Training.” (more…)

“We’re seeing some streamlining at the moment. We’re seeing some of the not so well-performing funds closing down,” London- based Mather said in an interview with Bloomberg TV today. “But we’re seeing massive growth of the established guys.”

The world’s biggest banks and securities firms cut 83,000 jobs in the 10 months to May as U.S. subprime mortgage delinquencies seized up the global credit market, according to data compiled by Bloomberg. Citadel Investment Group LLC and CQS (U.K.) LLP are among hedge fund managers that have used the opportunity to hire staff from investment banks to accelerate Asian expansion. (more…)

“I’m not sure if a popular major will secure me a good job four years from now,” the 17-year-old from Shandong Province said early this week.

Yang said her farmer parents are unable to provide suitable advice, while her teachers always give “vague suggestions”.

“I’ve learnt that students majoring in certain hot subjects still cannot find work after graduation,” she said.

Huang Kaixiang, a high school student from Henan Province, is being confronted with the same problem. (more…)

Employment and labor rights protection have a lot to do with people’s well-being and social stability, Zhang told ministerial and provincial level officials at a workshop on employment and harmonious labor relations in Beijing.

He acknowledged that China was still faced with a severe challenge of job creation and labor rights protection despite huge improvement over the past years.

He called on officials to minimize unemployment in their administrations and encouraged more labor-intensive companies in job creation. (more…)