China's 'common prosperity' drive slashes pay and perks for investment bankers - Reuters


7/28/2022 12:00:00 AM2 years 9 months ago

China's well-heeled financial dealmakers are getting a crash course in austerity with pay cuts and perks reined in, as their state-owned employers respond to Beijing's "common prosperity" drive, eight people with knowledge of the matter said.

HONG KONG, July 29 - China's well-heeled financial dealmakers are getting a crash course in austerity with pay cuts and perks reined in, as their state-owned employers respond to Beijing's "common pr… [+5023 chars]

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