Chinese brokerage CICC cutting deal makers ’ base pay by 25%, sources say

The cuts will take immediate effect, two of the sources said. CICC did not immediately respond to Reuters’ request for comment on Sunday. Some of the impacted deal makers were notified on Friday about the cuts, said the sources, who have knowledge of the pay reductions but declined to be named as…#beijing #hongkong #citicsecurities (Source: Reuters: Health)