SHANGHAI expects financial professionals to create value of 1.2 million yuan (US$190,476) per capita in 2015, a jump of 43 percent from 2010, as it banks on them to propel the city into a global financial hub, its financial services office said yesterday.

The 230,000 financial professionals in the city created an added value of 840,000 yuan per capita in 2010 while that for the financial industry totaled 193.2 billion yuan, according to data from the city's statistics authority. The added value created by the financial industry may top 384 billion yuan by 2015, almost doubling in five years.

"We will endeavor to improve the efficiency and innovative capital from professionals so that they can boost their contribution to the industry," the Shanghai Financial Services Office said yesterday.

To boost the rise in added value, the city may organize a new round of overseas recruitment for financial professionals, especially those with expertise and experience at senior positions.

Since 2008, Shanghai has launched two overseas hiring campaigns in cities such as London and New York to lure expatriates or Chinese working in the financial industry to work here as the city continues its push to become a global financial hub by 2020.

The financial industry may have 320,000 practitioners by 2015 in Shanghai, a rise of almost 40 percent from the current level.