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NEWS

The rumored suicide of a young employee of a top-tier securities brokerage has netizens puzzling over how such a seemingly successful life could have become so terribly derailed
Jul.6 2024 17:50 PM

The younger brother of CSRC Chairman Wu Qing will likely take up a role at the country’s sovereign wealth fund, sources say
Apr.11 2024 17:09 PM

- The securities industry in China is experiencing widespread salary reductions and layoffs, with a significant number of firms, including large and medium-sized brokerages, implementing pay cuts across various departments due to economic downturns and regulatory pressures for "common prosperity."
- The average salary in the securities industry has seen a decline, with the top brokerage firms also reporting decreases in executive compensation. Discussions are ongoing about imposing a salary cap of 3 million yuan for key personnel and executives in state-owned financial institutions, reflecting broader efforts to reform income distribution within the sector.
- Investment banking departments face particular challenges with reduced IPO activity leading to job cuts and reassignments. Meanwhile, research departments are grappling with cost pressures from public fund fee reductions and shifts towards more diversified services beyond traditional brokerage functions.
Apr.6 2024 13:44 PM

Both say they haven’t received any information about a tie-up from the government or controlling shareholders
Nov.14 2023 16:09 PM

China International Capital Corp. nominates industry veteran Chen Liang to succeed Shen Rujun as chairman
Oct.23 2023 20:06 PM

Tough coronavirus restrictions are expected to be the culprit behind muted growth, a Caixin survey finds
Jul.14 2022 21:58 PM

At government urging, securities firms are investing in AI and cloud computing, but some could be spending on the wrong tools
May.18 2022 19:56 PM

Upgrades from U.S. investment bank come as China seeks to reassure sector weary from months of regulatory chaos
May.17 2022 20:03 PM

State Council hands out tasks for green and low-carbon development, and central government may make a one-off payment to cover overdue renewable subsidies
Apr.1 2022 18:09 PM

Alarming Covid outbreaks, surging commodity prices and the triple pressures of shrinking demand, disrupted supply and weakening expectations all threaten Beijing’s 2022 growth target
Mar.30 2022 22:13 PM

The USTR’s office is reinstating the exclusions for 352 items, including a wide variety of machinery, manufacturing components and consumer goods
Mar.24 2022 18:24 PM

The government is prioritizing infrastructure spending as well as tax refunds and cuts for businesses to boost growth
Mar.14 2022 21:06 PM

Cutting off Moscow’s access to the global payments system could push the country closer to China
Feb.25 2022 21:18 PM

Imported potash prices jump 139% amid tight supply; China to build world’s largest LNG storage tanks; Beijing says not to charge bike batteries at home
Feb.22 2022 04:42 AM

Export cost can be cut if Chinese exporters can show they’ve paid their dues at home
Jan.20 2022 21:20 PM

New regulatory framework aims to put all companies who qualify for a listing under the same rules, regardless of their corporate structure and where they sell their shares
Jan.19 2022 20:48 PM

Battery-trade lithium carbonate hits $49,600 a ton, up almost a third in a month, amid surging demand from the booming EV industry
Jan.13 2022 06:11 AM

The economy has emerged as policymakers’ top priority as the country faces a slowdown from power shortages, surging raw material prices to property woes
Jan.4 2022 20:45 PM

China vows to fast-track a unified export control list for weapons tech. Residents struggle to buy groceries in Xi’an
Dec.31 2021 11:08 AM

Property, agriculture and power generation sectors expected to see the worst plunges in profit in the third quarter, analysts say
Oct.23 2021 18:00 PM
- Jun 16, 2025 02:54 PM
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