Bankers at China’s oldest investment bank, China International Capital Corporation (CICC), are pledging their loyalty to the Communist Party. This shift marks a significant move away from the bank's previous Wall Street-style playbook. The change involves bankers at CICC saying goodbye to fat paychecks and embracing Communist Party membership. The implications of this shift for the bank's future are yet to be fully understood.
NEW: Bankers at China’s top investment bank are saying goodbye to fat paychecks and hello to Communist Party membership, in a shift away from its Wall Street-style playbook. Read The Big Take ⬇️ https://t.co/GnA8hn9367
Bankers at China’s top investment bank are saying goodbye to fat paychecks and hello to Communist Party membership, in a shift away from its Wall Street-style playbook. Read The Big Take https://t.co/8vGJFMYm5w via @BW
Bankers at China’s top investment bank are saying goodbye to fat paychecks and hello to Communist Party membership, in a shift away from its Wall Street-style playbook. Read The Big Take https://t.co/YuBrabTT3d
Bankers at China’s oldest investment bank, CICC, are pledging their loyalty to the Communist Party. What does that mean for its future? 🎙️ Listen to the Big Take Asia podcast: https://t.co/wRBhXYdGyU
Bankers at China’s oldest investment bank, CICC, are pledging their loyalty to the Communist Party. What does that mean for its future? Listen to the Big Take Asia podcast. https://t.co/G9jLm0nr79