China's finance elite face $400K pay cap
Business Standard|June 28, 2024
Decision in compliance with Xi's common prosperity campaign
China's finance elite face $400K pay cap

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" campaign.

The nation's largest financial conglomerates have asked senior staff to forgo deferred bonuses and in some cases return pay from previous years to comply with a pre-tax cap of 2.9 million yuan ($400,000), according to people familiar with the matter.

هذه القصة مأخوذة من طبعة June 28, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة June 28, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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