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| Thursday, August 21, 2008 22:35:16 |
Fund Industry Suffers from High Turnover
The passion for fund investments on the mainland has created a booming financial industry, and, consequently, a shortage of qualified fund managers. In demand, fund managers are able to take the initiative to switch jobs in search of better pay and benefits. According to the latest statistics put out by TX Investment Consulting, the rate of turnover among fund managers averaged 38.6% in 2006. How will this high turnover rate affect the development of China's financial industry?
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