Chinese Fund Manager Asks Execs to Return ‘Excess’ Pay

Quick Summary:

The demand comes amid Beijing’s ongoing campaign to discourage extravagant lifestyles among the financial elite

The post Chinese Fund Manager Asks Execs to Return Excess’ Pay appeared first on Asia Financial.

Capping salaries and recalling pay have become avenues through which state-owned companies can adhere to the government’s “common prosperity” campaign which since 2021 has sought to address social and income inequality as economic growth slows.

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Article Details

Author / Journalist: Sean O'Meara

Category: InvestingBusiness

Markets: Hong KongChina

Topics: Common Prosperity China economic strategy Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 16:06:06 (1 days ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 409 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © Asia Financial

News ID: 22373115

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About Asia Financial

Main Topics: InvestingBusiness

Official Website: asiafinancial.com

Year Established: 1990

Headquarters: Hong Kong

News Last Updated: 1 days ago

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