The death of the "post-90s" female elite of the brokerage, how difficult is it behind the highlights of the financial circle?
German finance
2024-07-03 21:45Posted on the official account of Shanxi Unicorn Finance
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01A female employee of CICC born in 1994 passed away, causing concern about the physical and mental health of financial practitioners under the high-pressure life.
02 The female employee was under pressure such as huge mortgages, shrinking housing prices, and second salary cuts, and finally chose to jump off the building.
03The financial industry has always focused on the construction of talent teams, but the health of practitioners in a high-pressure environment is worrying.
04In fact, financial institutions have begun to pay attention to workplace health, providing benefits such as fitness equipment and regular sports activities.
05Experts suggest that financial practitioners should pay attention to life and health in their spare time, cherish the present, and scatter their time and energy to the care of their families and a better life.
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Author | Zheng Li
Source | Unicorn Finance
There is bad news again in the financial circle. A 601995. SH) female employees, graduated from top prestigious schools, happy family, brilliant life, but life is forever fixed at the age of 30, may the deceased rest in peace.
On the afternoon of July 3, the news of the unfortunate death of a female employee of CICC born in 1994 came from social platforms. Subsequently, this rumor quickly appeared on the hot search.
Soon after, CICC responded to the news that an employee of the company in Shanghai had unfortunately passed away, and CICC was very saddened by the sudden incident, and expressed its cordial condolences to the family and friends of the employee, and had set up a special team to deal with the sudden changes with the employee's family and properly handle the relevant matters. I hope that everyone will respect the privacy of the deceased, do not believe in rumors, and do not spread rumors.
The high-profile status and high salary of financial practitioners make many people yearn for it. But the hardships behind the highlights, the pressure and anxiety faced are also unimaginable to the outside world.
1
The "post-90s" female employee of the fixed income department passed away, carrying a huge mortgage
"21st Century Business Herald" quoted online news that the girl jumped off a building at her home in Shanghai and faced multiple pressures before jumping, including tens of millions of mortgages, shrinking housing prices, and a second salary cut.
On the afternoon of July 3, a person in charge of the Shanghai branch of CICC told the media that the female employee who unfortunately passed away was not the one who jumped off the building as reported on the Internet. Regarding the death of the employee, he said that it was due to the employee's own reasons, and denied that there were two rounds of salary cuts and layoffs.
According to "China News Weekly", it was learned from people familiar with the matter that the employee who was involved in the accident was an employee of CICC's Shanghai FICC department (i.e., the fixed income department).
Source: Canned Gallery
According to public information, the employee practiced at CICC, registered as a "general securities business" in 2021, and was a master's student.
It is understood that this employee's resume before joining CICC is also excellent. In high school, he studied at the Foreign Chinese School affiliated to Tianjin Foreign Chinese University, entered Zhu Kezhen College of Zhejiang University as a bachelor's degree, and was subsequently sent to the School of Economics of Zhejiang University for a postgraduate degree in finance, and won the national scholarship and outstanding graduates of Zhejiang Province.
At present, the obituary of the employee has been circulated, and the person has passed away at the age of 30.
Some netizens have doubts about the specific cause of the incident, and at the same time reflect the public's mixed emotions about similar incidents, both regret and exploration of the real cause. Some netizens also said that the deceased should be respected and the cause of his death should not be judged easily, and at the same time expressed sympathy for the struggle of young people in a high-pressure environment, and called on the society to pay attention to psychological health, especially in the face of life difficulties, to remind people to pay attention to the construction of the spiritual world.
Some netizens questioned the possibility of extreme behavior in a high-salary environment, believing that economic factors are not the main reason, and some people also questioned the higher salary level of brokerages, believing that even in difficult times, such treatment is unlikely to lead employees to extreme behavior.
As a manpower-intensive industry, the securities industry has always focused on the construction of talent team. Affected by the promotion of entrepreneurial business, IPO expansion, and wealth management transformation, in the 11 years from 2010 to 2021, securities firms have expanded their talents on a large scale. Since 2022, due to the impact of capital market shocks, there have been bottlenecks in the number of brokerage practitioners and income growth.
According to Wind statistics, at the end of the fourth quarter of 2022, after the total number of brokerage employees reached a high of 354,100, it began to fluctuate and decline. By the end of the first quarter of 2024, the total number of employees fell to 348,700, a decrease of about 5,417.
Average pay has also been declining. According to the Guidelines for Securities Companies to Establish a Stable Remuneration System (hereinafter referred to as the "Guidelines") issued by the Securities Association of China in May 2022, securities companies are required to establish a stable remuneration system and improve the remuneration incentive and restraint mechanism. After the issuance of the Guidelines, the average salary of employees in the securities industry generally declined.
According to Wind data, from 2022 to 2023, the average salary of many brokerages, including Zhongyuan Securities, Guotai Junan, Dongxing Securities, CICC, Hualin Securities, Guojin Securities, and Zheshang Securities, will continue to decline.
Founded in 1995, CICC is a Sino-foreign joint venture investment bank, headquartered in Beijing, with more than 200 securities offices in 30 provinces, autonomous regions and municipalities directly under the central government in Chinese mainland. It was listed on the main board of the Hong Kong Stock Exchange on November 9, 2015 and on the Shanghai Stock Exchange on November 2, 2020.
According to CICC's official website, the company is committed to providing high-quality financial value-added services for a diversified customer base, and has established a balanced business structure based on research and information technology, with all-round development of investment banking, equity business, fixed income, asset management, private equity and wealth management.
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The hardships behind the highlights
"There is a cycle in finance, and no one is young." Workers from all walks of life under heavy pressure should pay attention to physical health and moderate rest.
A senior brokerage person said: "Finance itself is also a high-risk industry, and it is normal for investment banks to do a single project and go deep into first-line enterprises for several months in a row. ”
Source: Canned Gallery
An investment bank migrant worker once joked that 300 days out of 365 days a year may be on a business trip, and if you and your partner are both investment banks, you may suddenly find yourself forgetting what your other half looks like at the end of the year.
The HMO of the Chinese Medical Doctor Association and the Beijing Health Security Association have jointly released a "White Paper on the Health of Financial Professionals in China" (hereinafter referred to as the "White Paper"), which describes the health problems of financial practitioners, which mentions that gastrointestinal diseases have almost become an occupational disease of financial practitioners, and the proportion of patients exceeds 9%.
The Health Management Branch of the Chinese Medical Doctor Association has conducted a survey on the health status of Chinese financial professionals, and they are generally overloaded for a long time, and some practitioners work an average of more than 12 hours a day.
A brokerage practitioner in East China told the "Daily Economic News" that since the beginning of this year, he has felt that the pressure on various business lines is not small. "For example, in the front-line business department, the investment bank has entered a cold winter, and the research institute is facing the pressure of fee reduction reform. Even the pressure in the background is much greater, and some of the pressure is invisible. For example, when I do public opinion management, I am on standby at any time, just like I do media and news. ”
As synonymous with high-end occupations, the financial circle has become a place of yearning for many young people. However, the real financial circle is far from what it is portrayed in "The Wolf of Wall Street", and the financial people who have lived in the spotlight for a long time are actually not as beautiful as outsiders see. Overwork, mental stress, and irregular life are all overdrawing health, which is easy to cause various diseases and sudden death.
In 2018, a researcher born in 82 years in the securities investment department of Zheshang Securities died suddenly at home at the age of 36.
On February 6, 2020, Wu Jiang, assistant to the general manager and investment director of Western Leader Fund, passed away at the age of 38 due to ineffective medical treatment.
On April 14, 2020, Song Yu, Executive Deputy General Manager of China Shipping Fund, passed away at the age of 55.
On August 19, 2020, Li Xuesong, director and general manager of CCCG, passed away at the age of 51 due to a sudden heart attack.
On August 20, 2020, Zhang Jing, deputy general manager of the strategic investment banking department of GF Securities, passed away due to illness at the age of 35.
On November 22, 2020, Zhang Jiaqi, the former managing director of Tianfeng Securities and the head of the Tianjin team, passed away due to illness at the age of 49.
On November 29, 2020, Xu Yijun, head of the quantitative investment department of Caitong Fund, passed away due to illness at the age of 37.
On November 30, 2020, Zheng Yulin, the founding partner of Dark Horse Fund, died of a sudden cardiac illness due to overwork at the age of 55.
On February 28, 2021, an investment bank employee surnamed Chen of Guojin Securities died of respiratory and cardiac arrest at the age of 39.
On March 20, 2021, Qiu Hao, the founder of Lotus Capital, passed away due to physical reasons at the age of 48.
On September 27, 2021, Li Yong, the former vice president of Essence Securities, passed away in Shanghai at the age of 53 due to ineffective medical treatment.
On November 1, 2021, Cai Xiangyang, a former senior manager, member of the investment committee and fund manager of China AMC, passed away due to illness at the age of 41.
On April 29, 2023, Lan Rong, former Secretary of the Party Committee and Chairman of Industrial Securities, and former Chairman of Industrial Securities Global Fund, died in Shanghai at the age of 63 due to ineffective medical treatment.
On June 15, 2023, Lu Yang, general manager of Botong Investment, died of a sudden heart attack at the age of 41.
On January 31, 2024, Cao Xin (now known as Cao Bangxun), founding partner of Tianli (Shanghai) Asset Management Co., Ltd. (hereinafter referred to as "Tianli Capital") and chairman of Zhongrong Holding Group Co., Ltd. (hereinafter referred to as "Zhongrong Group"), passed away due to personal mental health reasons.
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Focusing on workplace health, financial institutions are also taking action
The ringing of the alarm bell again and again has also made many people realize the importance of physical health. Workplace health issues are becoming more and more of a concern in society.
Source: Canned Gallery
Zhaopin.com has released the "2020 Zhaopin.com Workplace Health Survey Report", calling on enterprises and all sectors of society to pay attention to workplace health. In a survey of nearly 6,000 workers, it was found that nearly 9 percent of workers said that they would pay more attention to their health due to the impact of the new crown epidemic.
Some financial institutions are also paying more and more attention to the health of their employees, equipped with fitness equipment, regularly organizing sports activities, and providing some health management benefits.
The deputy general manager of a fund company in Shanghai once revealed, "We now invite a Chinese medicine doctor to come to the company for half a day every week, and employees can communicate with the Chinese medicine doctor to understand the condition of the whole body function." ”
According to Unicorn Finance, major brokerages regularly organize employee physical examinations every year, and some brokerages have also been trained in emergency care.
A staff member of a large brokerage firm in the south said that the company has clubs, where you can develop your interests and do various sports, so as to soothe your body and mind and release work pressure.
All the gifts given by fate have already been secretly marked with a price, and we must not exchange our lives for gifts. Moreover, health and wealth are mutually supportive.
The sincerity of heaven is unpredictable, the sincerity of God is difficult to understand, the reason cannot be pushed, and the longevity is unknown. Friends who are working hard in all walks of life, after work, should also stop and look back at the happiness of turning around, attach importance to life and health, cherish the present, and scatter time and energy to the care of family members and a better life.
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The death of the "post-90s" female elite of the brokerage, how difficult is it behind the highlights of the financial circle? -
The death of the "post-90s" female elite of the brokerage, how difficult is it behind the highlights of the financial circle? -
The death of the "post-90s" female elite of the brokerage, how difficult is it behind the highlights of the financial circle? -
The death of the "post-90s" female elite of the brokerage, how difficult is it behind the highlights of the financial circle? -
The death of the "post-90s" female elite of the brokerage, how difficult is it behind the highlights of the financial circle? -
The death of the "post-90s" female elite of the brokerage, how difficult is it behind the highlights of the financial circle? -
The death of the "post-90s" female elite of the brokerage, how difficult is it behind the highlights of the financial circle?