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Goldman's Ong Misses China CEO Job on Language Hitch

HenryTo
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Joined: 06 Aug 2004
Posts: 11735
Location: Los Angeles, California

Posted: Thu Jul 12, 2007 2:19 am Post subject: Goldman's Ong Misses China CEO Job on Language Hitch

This is for those who are thinking of working in the securities industry in China:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aDBlY9VQ2c98&refer=home

Quote:

The language requirement applies to CEOs, deputy CEOs and the heads of supervisory boards at locally incorporated securities firms, according to the industry regulator. The test includes both written and verbal components.

The China Securities Regulatory Commission has stepped up enforcement since December, though it can still grant exemptions for foreign executives. The financial watchdog said Nov. 30 it would punish securities firms that appoint managers who haven't passed the exam. The regulator wasn't more specific.

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