Stop chasing Wall Street 'talents'

I got really worried while reading the news that a bunch of big-name government offices and business corporations are ready to recruit from the financial executives who have been made redundant on the Wall Street.

It would be a mistake to offer many of them jobs in China. It would be a bigger mistake to offer them cushy government jobs funded by Chinese taxpayers.

The China Securities Regulatory Commission (CSRC) was recently reported to have interviewed some 150 executives from the New York-based financial companies before the recruiters went to Chicago.