China's largest financial conglomerates are imposing strict $400,000 pay caps and clawbacks on senior staff, marking the end of an era of big paychecks for Chinese financiers. Senior staff are being asked to forgo deferred bonuses and, in some cases, return pre-tax pay in excess of $400,000 from previous years. These measures are part of broader efforts to comply with President Xi Jinping’s 'common prosperity' initiative.
CHINA'S FINANCIAL ELITE FACE $400,000 PAY CAPS AND BONUS CLAWBACKS.-Bloomberg The era of big paychecks for Chinese financiers is fast coming to an end as some of the industry’s biggest companies impose strict new limits to comply with President Xi Jinping’s “common prosperity”… https://t.co/zNblycYJm6
CHINA'S FINANCIAL ELITE FACE $400,000 PAY CAPS AND BONUS CLAWBACKS.-Bloomberg https://t.co/zNblycYJm6
*CHINA’S FINANCIAL ELITE FACE $400,000 PAY CAPS, BONUS CLAWBACKS
China’s Financial Elite Face $400,000 Pay Caps, Bonus Clawbacks - BBG https://t.co/P0iJ2XrQSo
EXCLUSIVE: The era of big paychecks for Chinese financiers is fast coming to an end, as big firms impose $400,000 pay caps and claw back bonuses https://t.co/X22eSiDVHO
EXCLUSIVE: The era of big paychecks for Chinese financiers is fast coming to an end, as big firms impose $400,000 pay caps and claw back bonuses https://t.co/vNaLphki4s
EXCLUSIVE: The era of big paychecks for Chinese financiers is fast coming to an end, as big firms impose $400,000 pay caps and claw back bonuses https://t.co/zefsgGZXEr
The era of big paychecks for Chinese financiers is fast coming to an end, as financial firms ask senior staff to forgo deferred bonuses and in some cases return pre-tax pay in excess of $400,000 from previous years https://t.co/toaqSskyJJ
EXCLUSIVE: The era of big paychecks for Chinese financiers is fast coming to an end, as big firms impose $400,000 pay caps and claw back bonuses https://t.co/gQuooWQXEv
The era of big paychecks for Chinese financiers is fast coming to an end, as financial firms ask senior staff to forgo deferred bonuses and in some cases return pre-tax pay in excess of $400,000 from previous years https://t.co/M6Wz90pdLp
NEW: China's largest financial conglomerates have asked senior staff to forgo deferred bonuses and in some cases return pre-tax pay in excess of $400,000 from previous years, according to people familiar with the matter. https://t.co/QX4b3Axz01