China's Stockbrokers Face Pay Cuts Amid Slumping Market and Crackdown on Excessive Spending
Tuesday, 9 April 2024, 23:30
China's Stockbrokers Face Income Decline
Chinese stockbrokers have encountered consecutively decreasing salaries in 2023, attributed to both a sluggish equities market and a government crackdown on extravagant corporate practices. The financial industry is grappling with ongoing challenges amid unimproved market conditions and regulatory interventions. One fund manager warns that the outlook remains bleak this year.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.