(Beijing Bloomberg) With China's official call for "common prosperity", from securities firms to public funds and other institutions to consider how to respond, China's senior executive in the financial system of $ 58 trillion ($ 79 trillion) mayWill reduce salary again.
Bloomberg Society quoted people familiar with the matter on Tuesday (November 15) that at least four state -owned large -scale brokers and fund companies are draft, including setting the total annual salary limit and the continued delayed payment of performance bonuses to reduce executives to reduce executivesThe salary gap with grass -roots employees; some companies may report the proposal to regulatory agencies in the next few months.
People familiar with the matter said that investment banks with at least two mainland state -owned backgrounds in Hong Kong are considering how to balance the salary of different levels and domestic and foreign subsidiaries.For a long time, the salary level of Hong Kong employees is generally higher than that of mainland employees.
Earlier, Chinese officials once again emphasized the goal of "common prosperity" in the 20th National Congress of the Communist Party of China, and put forward new requirements for standardizing the accumulation mechanism of wealth, which caused many speculations to market how decision makers would achieve this goal.
However, because the issue of compensation in the financial industry is only a small part of the "common prosperity" goal of the whole society, it is not clear that the Chinese government's overall plan is currently unclear.
Regulatory agencies have issued measures earlier this year, requiring the salary of financial institutions such as state -owned banks and insurance companies, and may allow the Wall Street banking industry to be approved by regulators in recent years and open a wholly -owned holding subsidiary in China to faceMore challenge.
The Ministry of Finance of China issued a notice in August that state -owned financial enterprises such as state -owned banks, insurance companies, and sovereignty wealth funds further restrict the salary of senior managers. The basic salary is generally not higher than 35%of the total salary, 40 performance salary 40More than %should be delayed payment methods.The extension payment period is generally not less than three years.
China Regulatory Agency earlier this year requested banks such as Goldman Sachs Group, Creditver Group and UBS Group to report in detail the salary methods of high -level high -levels.
At the same time, since China launched the anti -corruption operation of the financial industry in 2021, dozens of financial industry executives have been arrested.For example, Tian Huiyu, the former president of China Merchants Bank, was arrested in October this year for suspected bribery and abuse of power.His salary in 2021 was about 4.2 million yuan (RMB, about $ 820,000), which was more than six times the average salary of more than 100,000 employees at the bank.
