The China Securities Regulatory Commission has reduced the budget of salary and welfare expenditures this year, which means that after the decades of institutional reforms in China for decades, Chinese financial regulatory agencies will further reduce their salary.
Bloomberg calculated based on last year's budget report that the budget of the China Securities Regulatory Commission's salary and welfare expenditure this year was 170.3 million yuan (RMB, the same below, about 33 million yuan), a year -on -year decrease of 17%.
Specifically, the basic salary part has increased slightly, and the subsidy subsidy budget with more than half of the total salary is 10%year -on -year to 11.12.4 billion yuan.The total budget also decreased by 3.6%year -on -year.
China launched institutional reform in March this year to further tighten the supervision of the financial industry.The institutional reform plan mentioned that the staff of the Bank of China, the State Administration of Foreign Exchange, the State Financial Supervision and Administration and the State Administration of Financial Supervision and the China Securities Regulatory Commission will implement the national civil servant salary standards.
People familiar with the matter revealed at the time that based on reform requirements, the salary and benefits of some staff may be reduced by more than 50%.
The China Securities Regulatory Commission and the banking regulatory agency in the past are different from government agencies. The autonomous space for employee salary is higher.
