The sudden death of a top fund manager in Shanghai \u2013 the latest in a string of similar cases \u2013 has raised alarm in China\u2019s financial sector, as worries grow over the health risks posed by the industry\u2019s intense work culture.<\/p>\n
Shen Xianbing, a founding partner of the private fund Qilin Investment, died on Monday at the age of 40, the company announced the same day, without explaining the cause of his death.<\/p>\n
The former University of Science and Technology of China graduate had served as a founding partner at the investment firm \u2013 which has more than 28 billion yuan (US$4 billion) of assets under management \u2013 since 2015, and had been involved in its operations and management, according to the statement.<\/p>\n
The incident follows the untimely deaths of several other high-profile figures<\/a> in China\u2019s finance sector in recent years, including Wu Jiang, a 38-year-old investment director at fund management firm Western Leadbank; Zhou Ke, a 45-year-old general manager of China Post & Capital Fund Management; and Xiang Tingfeng, a 46-year-old investment director at fund managers Bocom Schroders.Financial workers around the world often face long hours and intense pressure<\/a>, which can lead to stress-related burnout and other health risks. And competition among China\u2019s fund managers has ramped up even further in recent years as high-quality assets have become more scarce amid an economic slowdown<\/a>.<\/p>\n \u201cThe pressure to perform has been quite intense,\u201d said a 26-year-old surnamed Xue, who left her job at a state-backed financial lender in central China a few months ago. \u201cI\u2019ve heard some colleagues have left because they failed to meet their targets.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The sudden death of a top fund manager in Shanghai \u2013 the latest in a string of similar…\n","protected":false},"author":2,"featured_media":406030,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[5782,151299,84,151300,891,151297,1294,151303,136239,29495,151304,5752,151301,56,54,158,55,7181,151298,151302],"class_list":["post-406029","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-bank-of-america","tag-bocom-schroders","tag-business","tag-carter-mcintosh","tag-china","tag-china-post-capital-fund-management","tag-economy","tag-financial-sector","tag-jefferies","tag-jpmorgan","tag-qilin-investment","tag-shanghai","tag-shen-xianbing","tag-uk","tag-united-kingdom","tag-united-states","tag-unitedkingdom","tag-wall-street","tag-western-leadbank","tag-wu-jiang"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/406029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=406029"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/406029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/406030"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=406029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=406029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=406029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}