• 11/29/2024

China’s banks cut salaries, rescind bonuses amid economic slowdown and Beijing’s financial reshuffle

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

China’s 12 national joint-stock banks reported deep salary cuts last year, while 10 lenders also demanded employees return performance-based bonuses, amid Beijing’s ongoing efforts to reshape the financial industry.

https://www.scmp.com/economy/economic-indicators/article/3257474/chinas-banks-cut-salaries-rescind-bonuses-amid-economic-slowdown-and-beijings-financial-reshuffle?utm_source=rss_feed