More Chinese banks claw back bonuses, cut salaries despite mixed profit recovery - Tool Boxx

Thursday, April 9, 2026

Home scmp More Chinese banks claw back bonuses, cut salaries despite mixed profit recovery

More Chinese banks claw back bonuses, cut salaries despite mixed profit recovery

Several major Chinese banks have clawed back staff bonuses or cut salaries amid a sluggish economic recovery and Beijing’s ongoing scrutiny of the financial sector. In their annual reports, an increasing number of lenders, ranging from state-owned institutions to commercial banks, are disclosing the amount of performance-based compensation reclaimed from their employees last year. State-owned Bank of China recovered 47.18 million yuan (US$6.9 million) from 4,630 individuals in 2025, according to...

from News - South China Morning Post https://ift.tt/3IW4DTq
via IFTTT https://ift.tt/IwCQOBq
Tags
Author Image

About Mishi Marigold
Soratemplates is a blogger resources site is a provider of high quality blogger template with premium looking layout and robust design. The main mission of soratemplates is to provide the best quality blogger templates which are professionally designed and perfectlly seo optimized to deliver best result for your blog.

By Price:
Product Tags:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)