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China Bankers Smash `Golden Bowls‘ to Join Online Startups

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After enduring a two-year pay freeze at Bank of Communications Co. and seeing his eight-year career as a credit-card risk manager in Shanghai stall, Zhu Jun headed for the exit. Like thousands of young Chinese, he quit his banking job to join a hot, new industry: Internet finance.

„I enjoy the fast pace here,” said Zhu, 31, who has done so much better at Omni Prime, a web startup that offers consumer credit to low-income workers, that his previously disapproving wife was able to quit her banking job and become a stay-at-home mom. „It was a very risky move, but I’m glad I made it.“

You can read the whole article here via: Bloomberg Business


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