China Minsheng Investment Group (CMIG), one of the country's largest private investment firms, will cut compensation of its top and mid-level executives by up to 83 per cent starting from this month, in a move to support strategic restructuring, according to a statement released by the company on Tuesday.
Overall compensation of the executives involved will be cut by 53 per cent, with some managers' pay to be slashed by up to 83 per cent . . .
To continue reading, please subscribe. You will get
- Original and in-depth reporting on China's economy and financial markets
- Details, data and perspectives you don't read elsewhere
- THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
- Daily Brief newsletters to get you prepared for every trading day
We highly value independence. We are solely funded by subscriptions from thousands of readers like you.
Already have an account? Sign In