With China as the second largest economy in the world and maintaining double digit growth, there is no better place to get finance experience in the world today.
China’s economy continues to grow at close to 10% each year. In terms of GDP, China is forecasted to have created a ‘new’ India by 2020.- China’s recently proposed 12th Five Year Plan will encourage growth created through a developing infrastructure and government regulated international trade.
- China’s government policy will also seek to address inflation and the housing market bubble.
- Foreign direct investment in China rose to a record $105.7 billion last year showing foreign investors’ confidence in the Chinese market.
Sample Projects
Recently, CRCC Asia interns have been involved in the following projects:
- Researching and providing advice on Western attitudes to the Chinese investment market.
- Conducting financial and accounting due diligence of Chinese, Italian and U.S. private companies in the banking sector.
- Completing a research project on the rare earth market in China to assess the investment potential.
- Strategy project to research and summarize recent tax legislation changes and to devise new relevant financial products and services for the firm.
- Researching and editing a large accountancy firm’s Mainland China Trust and Banking survey.
Sample Company
Specialism: Investment Banking
The company is one of China’s foremost investment banks and fund managers. It works in four main areas; fund management, real estate finance, cross-border M&A, and investment banking. Additionally, the company focuses on investment into China’s emerging provinces and cities as well as encouraging investment into China as a whole. The company operates offices across China, in Beijing, Chongqing, Tianjin, and also in New York.
Finance Intern Testimonial
Kristen Howell
February 2011
1 month
BeijingStudent of University of Arkansas, USA
“Witnessing the economic recession in the United States I knew that I needed something to set me apart from all of the other soon to be college graduates looking for a job. Learning about China from the news and from my dad’s business experiences there I knew that it would be the perfect location. I heard about CRCC Asia through my university’s careerlink, I did some research, and decided to apply on the spot. Within days I was called for a phone interview, and my parents were able to get in contact with the US CRCC Asia representative to discuss safety concerns.
The excitement began as soon as I was met in Beijing airport by a CRCC Asia representative and taken to the bus to meet the other interns! We were taken to our accomodations which were far nicer than anything I had expected, and all of the interns were quick to start getting to know eachother and our new home.
Work was amazing. I had an accounting internship with a Taxation Agents organisation and they were quick to welcome me with open arms. I met with several different department heads and even got to have a long and very informative meeting with the Chief Partner, who welcomed me back to China in the future with a job opportunity. They were very interested in giving me the full Chinese experience when it came to business and sightseeing, with my mentor taking me and some of my CRCC Asia intern friends to the Great Wall.
My month long experience in China was definitely too short. The people I met, the memories I made, and the knowledge I gained will never be forgotten. I am still in contact with several other CRCC Asia interns now that we have been home for a little while, and I fully intend on coming back to China hopefully within the near future.
My university, the University of Arkansas, has a recent partnership with CRCC Asia and I am excited to be able to work with them to help expand the campus’ awareness about this amazing opportunity. In return for funding the trip I am going to be recording some podcasts for the Walton College of Business website. Being able to share this experience with as many people as possible is something that I’ve wanted to do since the second I boarded the plane home.
I would recommend CRCC Asia to anyone looking for a complete cultural experience. It will be a decision you will not regret and an experience with memories to last a lifetime.”