Econ and Finance - 04 Aug 2022

Reining in financial sector pay

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Austerity, that's the spirit!

Senior executives at China's state-owned financial institutions face pay caps – and less fun all round.

On Wednesday, the finance ministry (MoF) issued a notice to tighten fiscal prudence at such institutions.

Less travel, no premium booze nor fancy furniture....

Snuh-ohez.

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