Why Finance Pros Are Leaving China's Sluggish Industry

Shanghai, ChinaFri Oct 18 2024
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Are you curious about what's going on in China's financial industry? Lots of people are changing careers! It's not just about the economy being slow. Things are tough for finance pros with new rules coming in and salaries going down. Even investors aren't happy. Some financial professionals like Xu Yuhe are switching to safer jobs. Xu used to work at a hedge fund but now helps students study abroad. He thinks this trend is growing because people are looking for education or migration options in places like Hong Kong and Singapore.
Wu Shichun, a venture capitalist, found a new calling as a comedian! He says times are tough, and that's what makes his jokes real. The banking industry isn't having a great time either, with trouble like travel bans and arrests happening. Recently, China announced some big plans to boost the economy. They want to make it easier for banks to lend money and help the real estate market. But will this make a real difference? Some people are skeptical. Gu Zaifeng, who used to work in banking, left his high-paying job to become a village secretary. This shows just how much things have changed!
https://localnews.ai/article/why-finance-pros-are-leaving-chinas-sluggish-industry-e29b9bb1

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