May 22, 2024 09:30 AM

CX DAILY

CX Daily: China’s Securities Firms Rein In Pay Packets as Pressures Mount

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Hefty compensation in China’s securities industry has become increasingly controversial following the pandemic, as unemployment and income insecurity have become more significant points of concern. Photo: AI generated

Hefty compensation in China’s securities industry has become increasingly controversial following the pandemic, as unemployment and income insecurity have become more significant points of concern. Photo: AI generated

Securities /

In Depth: China’s securities firms rein in pay packets as pressures mount

Although Chinese securities firms’ pay packets are still among the highest in the country, they are now in the shadow of an industrywide pay cut, under pressure from the government to rein in excessive remuneration and hobbled by a tightened regulatory grip on IPOs amid an ailing stock market.

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