China's Shenzhen seeks top professionals in Europe

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Last updated at: (Beijing Time) Wednesday, November 05, 2003

China's Shenzhen seeks top professionals in Europe

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The Shenzhen city government will send a delegation to major European countries tomorrow to attract 500 professionals, especially Chinese who have studied and worked there, for 55 selected local firms.

It's the first time that the government has explored talent resources in the European market; it held three similar employment fairs in the United States in 1992, 2001 and 2002.

Apart from some big State-owned enterprises, privately-owned high-tech companies, manufacturing companies, research institutes, hospitals and government departments are participating in the job fair.

They provide pay packages worth up to 1 million yuan (US$120,481) while some even promise share options.

Shenzhen Haowei Group, a privately-owned high-tech company, which attended the previous fairs in the United States, said it has decided to give up to 30 per cent shares or options in its wholly-owned subsidiary to candidates.

"We are eager to find professionals with great knowledge of international markets who could pave the way for the company to acquire leading technologies and launch our products in the global markets," said Qi, human resources manager of Haowei.

At the US fair last year, the company recruited a manager for its international business who used to work as a chief executive officer of a Silicon Valley company by offering a 1-million-yuan annual pay package and shares.

It hopes to fill some core positions, such as IT director and deputy general manger, in Europe this time, said Qi.

The government-organized employment fairs will be held in London, Paris and Frankfurt, targeting professionals in sectors such as finance, IT, manufacturing, bio-technology and international trade, according to an official announcement.

Domestically-listed ZTE Corp will provide the most vacancies, 38, including positions of general engineer for product development and senior project manager.

More and more Chinese people are choosing to return to the country to work after finishing their education abroad or working there for some years.

About 1,000 have taken up positions in Shenzhen for the first nine months, 40 per cent up from a year ago. Of them, 37.2 per cent were from European countries, the percentage second only after the United States, according to official figures.

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