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On Wall Street, Chinese Americans Consider Other Options

Sing Tao Daily, Posted: Nov 13, 2008

NEW YORK - Some Chinese Americans who recently lost their jobs on Wall Street are considering going back to school or moving to Hong Kong or China to find work, reports the Sing Tao Daily. A Wall Street job fair on Tuesday was packed with financiers who had recently lost their jobs, many of them Chinese Americans, the Chinese-language newspaper reports. Jiacheng Jiang, who immigrated from Hong Kong, was laid off from his job at AllianceBernstein two weeks ago. Although Jiang is diligently looking for a job, he said he is also studying to take the GMAT (Graduate Management Admission Test) and preparing to go back to school. Chinese American Tinghui Zhu, who was born in the United States and lived in Hong Kong for several years, told the Sing Tao Daily that if he is not able to find a job in the United States, he plans to move to Hong Kong or mainland China for a job opportunity. Recruiter Keith Luo told the Chinese-language newspaper that his company has several openings in its technique department, which have extremely high requirements. Luo said he didn't think the economy would get better in the next year, and suggested that people looking for jobs in the financial sector consider jobs in other industries.

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