CICC's Base Pay Slashed by 25% Amid Challenging Market Conditions
Monday, 29 April 2024, 01:22
CICC Reduces Deal Makers' Base Pay
China International Capital Corporation (CICC) has recently made a bold move by cutting the base pay of its deal makers by 25% amidst challenging market conditions. This decision reflects the impact of economic slowdown on the financial services industry. The move comes at a time when the sector is grappling with dismal IPO volumes and a stagnant economy.
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