China’s War on Wealth: Funds Staff Told to Repay ‘Excess’ Salaries

Quick Summary:

A move by Beijing to regulate 'excessive incomes' has led to two funds telling high earners they must repay money they earned last year over a new 3-million-yuan salary cap

The post China’s War on Wealth: Funds Staff Told to Repay ‘Excess’ Salaries appeared first on Asia Financial.

Bosera is China’s seventh largest fund manager with 527-billion yuan worth of assets.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaThailand

Topics: Market Insights Regions ESG Asia Markets World Payments

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 11:31:51 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 574 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 21761794

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Official Website: asiafinancial.com

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News Last Updated: 12 hours ago

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