Standard Chartered Bank Responds to Recruitment Intern Requires First Deposit of 500,000 Events

The Standard Chartered Bank has made new progress in recruiting astronomical interns: On the evening of May 17, Ms. Song, the person in charge of Standard Chartered Bank's Public Relations Department, told reporters that the company has already investigated the media. Miss Song also said that the existing internship program of Standard Chartered Bank is essentially different from the "experience project" reported by the media.

In January of this year, Yang Hui, a senior financial student at a university in Beijing, applied for a “financial experience student” from a branch of Standard Chartered Bank in Guangzhou. After the written interview, Yang Hui entered the VIP customer of Standard Chartered Bank or his/her children's priority admission channel. The condition for becoming a VIP customer of Standard Chartered Bank is to first open a fixed deposit account of RMB 500,000 in the bank. In the end, Yang Hui gave up this "high price intern" opportunity. According to the person in charge of the media public relations department of Standard Chartered Bank Guangzhou Branch, Standard Chartered Bank does hold a “financial experience student program” across the country. Under the same conditions, the children of VIP customers can be given preferential access.

On the evening of May 17th, Ms. Song, who is responsible for the public relations department of Standard Chartered Bank, told reporters that the bank is currently investigating the recent 'media experience project' reported by the media. If the investigation confirms that employees have misconduct, they will follow Chinese laws and regulations. The company stipulated that it would take a serious approach. "We are committed to providing professional opportunities for outstanding Chinese students on the basis of fairness."

Ms. Song also told reporters that the existing internship program of Standard Chartered Bank aims to provide students with step-by-step learning opportunities and internship opportunities that advance into the workplace. This is essentially different from the “experience project” mentioned by the media recently. “The Standard Chartered Bank Internship project is arranged by the Bank’s Human Resources Department.” Ms. Song told reporters that the project's recruitment criteria are based solely on the assessment of the overall quality of the students applying for the project, including personality quality, innovative thinking, and language skills.” The project has a strict recruitment process and does not use opening accounts, deposits, or any other commercial interests as an evaluation criterion or priority, and only accepts applications from tertiary/grade 4 students, and has received a lot of positive student motivation since its launch. Response, feedback and participation."

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