Fintech recruiters in China dramatically reduced salaries offered to blockchain experts in 2019.
The “2020 China Blockchain Professional Development Report” (2020年中国区块链人才发展报告) indicates that the average salary offered to blockchain sector professionals in 2019 fell by 37% compared to 2018.
Average salaries of Chinese blockchain technology and product developers nonetheless remain 1.2 times that of the average for the online sector as a whole.
In 2019 43.3% of Chinese blockchain professionals had annual salaries of between 200,000 – 400,000 yuan.
Annual salaries of Chinese blockchain professionals in 2019
| Under 10,000 yuan | 3.75% |
| 10,000 – 20,000 yuan | 22.52% |
| 20,000 – 30,000 yuan | 24.53% |
| 30,000 – 40,000 yuan | 18.77% |
| 40,000 – 50,000 yuan | 13.27% |
| 50,000 – 100,000 yuan | 15.15% |
| Over 100,000 yuan | 2.01% |
Shenzhen, Beijing and Hangzhou all provided average salaries to blockchain professionals of over 300,000 yuan in 2019.
Average blockchain salaries by city (10,000 yuan)
| Shenzhen | 32.63 |
| Beijing | 31.68 |
| Hangzhou | 31.41 |
| Wuhan | 29.47 |
| Shanghai | 28.86 |
| Changsha | 26.78 |
| Chongqing | 26.52 |
| Tianjin | 26.52 |
| Guangzhou | 25.91 |
| Nanjing | 25.75 |
| Chengdu | 23.74 |
| Zhengzhou | 19.44 |
| Xi’an | 18.13 |
| Shenyang | 15.90 |
| Kunming | 15.36 |
| Ningbo | 14.10 |
| Qingdao | 14.08 |
Related stories
Bank of Communications Highlights Ten Key Chinese Fintech Trends for 2019
China Construction Bank Uses Blockchain to Ensure Rural Migrant Workers Receive Salaries
