Source: CCTV.com

04-15-2008 11:18

As gold prices continue to rise, gold futures are booming in China. But the country's futures industry is facing a talent shortage.

As gold prices continue to rise, gold futures are  booming in China. But the country's futures industry is facing a talent shortage.(Photo: xinhua)

Chen Xu is a futures manager. His company is preparing to set up a new business department. But he had to push back his deadlines, because he couldn't find experienced candidates.

Chen Xu, Manager of Jin Peng Futures said "We plan to employ two or three business managers, but we haven't found one. Employees with both professional knowledge and practical experience are badly-needed."

His company is not alone. Employment notices are quite common in futures periodicals. Experts explain that a lack of educational resources is the main reason for the shortage.

Chang Qing, China Agricultural University said "There's no futures major for undergraduates. Futures is only part of postgraduate programs in international trade or finance. So the educational system has restrained the talent pool."

China has less than 10,000 registered futures practitioners, just one-seventh that of the US. It's estimated that China's futures industry needs more than 20,000 employees.

Editor:Xiong Qu