The value of the Chinese Language on Wall Street
China is quickly becoming one of the most important places in the world to do business. As the Chinese economy grows more and more money will be invested in the country. This makes it essential that people who work on Wall street have a good understanding of what is going on in China. In order to do that it is going to be necessary to learn how to speak the Chinese language.
The value of being able to speak Chinese on Wall street is that more and more money is being invested in Chinese companies. China is of the fastest growing economies in the world as well as being the largest market, and Chinese companies are one of the hottest investments around. As China becomes more and more developed and the Chinese people have more money the investment potential of Chinese companies will continue to grow. That means that more and more money from American investors will be put into companies in China. In order for that to happen the investment professionals, brokers, analysts, bankers and the like will need to be able to do their research in order to determine which companies are good investments and which aren't. The only way that is going to happen is if they can speak the language.
In addition to being able to assess the investment potential of Chinese businesses the Wall street professional will need to be able to assess how China will affect American businesses. Most American companies are now doing business in China, either they are selling products in China or they are manufacturing them there. That means that what happens in China will affect American companies, political and economic news coming out of China will need to be monitored the same way it is at home and again this is going to require an ability to speak Chinese.
As the Chinese economy grows (and the Hong Kong Stock Exchange shows this beautifully!) they have will have money to invest in American companies and this is also going to affect the invest professional. This is already starting to happen, because the Chinese are pretty scrupulous about saving and have a lot of money to invest. For a variety of reasons they find it desirable to invest in American companies. In order to deal with these investors it will be necessary to speak the language. Not only will courting Chinese investors give Wall street firms a chance to increase their commissions but it will be necessary in order to assess the market. More and more the price movements on Wall street will be determined by what the Chinese do, which means that investors need to pay attention to what is going on in China. This can only be done by people who can speak Chinese.