HONG KONG/BEIJING : China's CITIC Securities is cutting pay across its investment banking division, lowering base salaries by up to 15 per cent, sources close to the matter said, in a rare move in the country's financial sector as Beijing pushes to bridge income disparity.The country's top investment bank
HONG KONG/BEIJING : China's CITIC Securities is cutting pay across its investment banking division, lowering base salaries by up to 15 per cent, sources close to the matter said, in a rare move in the country's financial sector as Beijing pushes to bridge income disparity.
The country's top investment bank by market value has also not yet paid bonuses to bankers for work done last year, the two sources said. The bonuses are usually paid out early in the second quarter.CITIC Securities did not immediately respond to a request for comment.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong, China step up security on Tiananmen anniversaryHONG KONG: Hong Kong boosted security around a park on Sunday (Jun 4) where tens of thousands of people used to gather for an annual memorial of the Tiananmen Square crackdown, ensuring no protests on the event's 34th anniversary. In past years, Hong Kongers would converge on Victoria Park and its surround
Read more »
Hong Kong police detain eight on Tiananmen anniversaryHONG KONG: Hong Kong police detained a prominent pro-democracy activist and at least seven others on Sunday (Jun 4), the 34th anniversary of the bloody Tiananmen Square crackdown in China. For years, Hong Kongers would converge on the city's Victoria Park and its surrounding neighbourhood to commemorate th
Read more »
Hong Kong arrests 4 for 'seditious' acts on Tiananmen anniversary eveHONG KONG: Police arrested four people in Hong Kong for 'seditious' acts and 'disorderly conduct' on Saturday (Jun 3), on the eve of the 34th anniversary of the Tiananmen Square crackdown. The bloody 1989 clampdown in Beijing is a highly sensitive topic for China's communist leadership, and commemoration o
Read more »
Arrests and tight security in Hong Kong on Tiananmen anniversaryPolice say they have detained 8 people, 4 of them for 'seditious intention and disorderly conduct'. Read more at straitstimes.com.
Read more »
Arrests and tight security in Hong Kong on Tiananmen anniversaryHONG KONG/TAIPEI - Hong Kong police on Sunday said they had detained eight people near a park, four of them for “seditious intention and disorderly conduct”, as authorities tightened security on the 34th anniversary of the 1989 Tiananmen Square crackdown. Restrictions...
Read more »
Arrests and tight security in Hong Kong on Tiananmen anniversaryHONG KONG/TAIPEI, - Hong Kong police said on Sunday (June 4) they had detained eight people near a park, four of them for 'seditious intention and disorderly conduct', as authorities tightened security on the 34th anniversary of the 1989 Tiananmen Square crackdown. Restrictions in Hong Kong have stifled what were once the biggest vigils marking the bloody crackdown by Chinese...
Read more »