Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
CN State-Owned Banks' Senior Executives Reportedly Face Bonus Cuts of at Least 30%
Recommend 27 Positive 44 Negative 22 |
||||
|
||||
|
As China strengthened the comprehensive remuneration reforms to the financial sector, bonuses for senior executives at two major state-owned banks were cut by 30-50% last year, while variable pay for department heads at a medium-sized national bank also fell by about 40% last year, Bloomberg quoted sources as saying. It is reported that China is currently placing particular emphasis on addressing the issue of 'pay inversion,' as mid-level managers at Chinese financial institutions have long tended to earn higher salaries than top executives. AAStocks Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
