China industry spotlight: Brokerage
Brokerage firms exist to buy and sell. They also research the quality of investments, offer investment advice and rate companies. Ideally, they exist to offer transparency and accurately evaluate credit risk.
China has around 100 brokerages and the industry took a big hit with the financial crisis. They are also lacking in compliance and internal control tools as well as not being able to manage risk well. China desperately needs investment banking know-how and more supervision to ensure the industry is following the necessary regulations while at the same time opening up to capital markets. As international investment banks get back on their feet after the crisis, more domestic brokerages may see an influx of foreign cooperation.
The rest of the world is fascinated with China and is always looking for ways to enter a market of 1.3 billion people. However, China has been closed to foreign investors for a long time and has many restrictions in place that prohibit foreigners from investing and owning Chinese companies. For the few Chinese companies that are actually listed on public stock exchanges, there is high demand for quality research from brokerages or consultancies to assist with better understanding which Chinese company has the least risk and is the best investment.
Gi2C Group can help you find an internship at a brokerage firm and learn more about China’s unique culture along the way with an internship in Beijing or an internship in Shanghai. Internships are the perfect opportunity to test different industries and company environments to learn about what type of career best suits you. Internships also help you get your foot in the door and provide great opportunities to network in your desired industry.
- Client information management
- Maintains changes to manuals
- Data management and company research
- Project and client presentation assistance
- Analyze market trends and credit risk ratings
Experience and qualifications
Preferably a graduate with a Bachelors in finance or business. Excellent verbal and written communication and customer service. Able to use Microsoft Office to its full abilities and possessing an understanding of basic industry concepts. Must be able to multi-task and meet deadlines as well as work hard.