Chinese brokers take a collective pay cut after a miserable 2018 in the world’s worst-performing stock market

//Chinese brokers take a collective pay cut after a miserable 2018 in the world’s worst-performing stock market

Chinese brokers take a collective pay cut after a miserable 2018 in the world’s worst-performing stock market

Chinese brokers would rather forget a disappointing 2018.Nearly 70 per cent of Chinese brokerages reported a reduction in employee compensation for last year, with one fifth slashing it by more than 20 per cent, as the industry struggled because of the market downturn and a slowing economy.The compensation includes salary, bonus, and benefits.“Last year was a tough year for the entire industry, as the market slumped amid trade war fears and tightening financial regulations,” said Li Xing, a…

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By | 2019-04-05T00:00:12+00:00 April 5th, 2019|Headlines|Comments Off on Chinese brokers take a collective pay cut after a miserable 2018 in the world’s worst-performing stock market