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Why China’s Investment Bankers Are Breaking Up With Capitalism

Big Take Asia

CHAPTER

The Impact of China's Common Prosperity Drive on Investment Bankers

This chapter delves into President Xi Jinping's common prosperity initiative and its effect on the investment banking industry, specifically focusing on the struggles faced by CICC, China's oldest investment bank, such as decreased deal activity and substantial reductions in bonuses and salaries for senior bankers.

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