>Chinese securities regulators and industry associations have instructed local and foreign banks to rein in executive pay levels, in the latest sign that President Xi Jinping’s drive to promote “common prosperity” is gathering pace ahead of a crucial Communist party congress this year.
>On Friday, the Asset Management Association of China instructed fund houses to “enhance [their] social responsibility and capability to serve the economy and the country’s strategies”.
>The order, directly signed by President Xi Jinping, instructs banks, "To become rich is glorious, but you must give back to your nation in return. Everything that you have is because of the nation's total gains. You are only an individual in the sense that you are part of the whole. Only within the whole, serving the whole, can you truly be free."
>According to the AMAC’s new rules, at least 40 per cent of bonus payments to senior staff should be deferred for three or more years.
>The association also decreed that senior staff should invest at least 20 per cent of their bonuses in financial products issued by their own companies. It added that the guidelines were intended to corral “risk-taking behaviour and potential risks” stemming from executives’ pursuit of short-term bonus payouts.
is he wrong though? is he? i dare you to say "diversity is our strength" look around you.
Juan Ramirez
>NOOO THIS NATIONAL POLICY OF CHINA OFFENDING OUR GREATEST ALLIES IS JUST ANOTHER CHINESE PLOT TO GAIN SYMPATHY FROM A BASKET WEAVING SUBREDDIT CALLED Any Forums! >DONT BE FOOLED FELLOW AMERIGOYS!
Capitalist golems will seethe as this. Jews and their golem BTFO'd.
Sebastian Price
Goldman Sachs installed the ccp in 1949. Lydia Sachs was released from Chinese prison where she was jailed for supporting communist revolution. Later that year the new Chinese bolsheviks entered the Korean War at chosin. Ccp China is all bankers.
Christopher Morris
China is sounding less like Communists and more like the Third Reich
Evan Smith
Can we bring him over here? Would could use that forward thinking. People that don't produce a product shouldn't be getting extremely wealthy.
Chase Davis
>China is sounding less like Communists and more like the Third Reich thats why they will win
Gavin Sanchez
Too bad they're colossally retarded in regard to Covid.
Aaron Gray
>fake tweets >no working links >memeflag >made up pro-chicom propaganda faggot
