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China's hedge fund industry is bracing for significant changes due to the implementation of tough new regulations. Two of the country's leading fund managers have introduced measures to cap staff annual income and claw back any excess earnings as part of a 'common prosperity' initiative. These actions, reported by five people with direct knowledge, are part of a broader push by Chinese authorities to enforce stricter financial regulations and promote economic equality.
Exclusive: Big Chinese fund managers cap pay, claw back excess in 'common prosperity' push, sources say - Reuters https://t.co/OBXlsHMKrG
Exclusive: Big Chinese fund managers cap pay, claw back excess in 'common prosperity' push, sources say https://t.co/Mk5zwswyF5 https://t.co/QmSGWJW7yh
🔵 EXCLUSIVE-BIG CHINESE FUND MANAGERS CAP PAY, CLAW BACK EXCESS IN 'COMMON PROSPERITY' PUSH, SOURCES SAY Two of China's leading fund managers have capped staff's annual income and will claw back any excess, five people with direct knowledge of the matter said, in the first…
