Chinese Finance Firms Request Hong Kong Staff to Return Portion of Bonuses: A Reflection on the Emotional Impact
China’s Financial Firms in Hong Kong Implementing Pay Reduction as part of ‘Common Prosperity’ Campaign A New Trend in Financial Sector Some of China’s largest state-backed financial firms are asking employees in Hong Kong to return a portion of their pay, extending President Xi Jinping’s ‘common prosperity’ campaign to the offshore business hub. This move…