Shanghai, the economic powerhouse of China, will send a delegation to the United States and Europe next month to recruit talents for the city's financial institutes.

Wu Jianrong, deputy director of the Shanghai Financial Service Office, told Xinhua on Friday that the delegation will go to London, Chicago and New York in search of employees.

The office's human resource head, Sheng Yuruo, said as of Nov. 19, 27 financial institutions in Shanghai listed more than 170 vacancies specifically for foreigners.

Shanghai hopes to recruit specialists in risk management and control, asset management, product research and development, macro-economics and policy analysis, among others.

China Financial Futures Exchange (CFFE), Shanghai Stock Exchange, Shanghai Futures Exchange, securities agencies, insurance companies, banks, the Pudong district government and others are among those looking to hire.

The delegation will also seek candidates for assistant of the Shanghai Financial University president, dean of the university's International Finance and Insurance School and chief economist of the university's International Finance Research Institute.

(Xinhua News Agency November 28, 2008)