China Daily Reads

China Daily Reads

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China Daily Reads
China Daily Reads
China’s CICC Demotes Senior Bankers, Cuts Pay to Slash Costs

China’s CICC Demotes Senior Bankers, Cuts Pay to Slash Costs

May 06, 2024
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China Daily Reads
China Daily Reads
China’s CICC Demotes Senior Bankers, Cuts Pay to Slash Costs
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  • Bank said to roll out a new performance-rating system recently

  • Title changes and pay cuts could cause voluntary departures

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