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3min chapter
Why China’s Investment Bankers Are Breaking Up With Capitalism
Big Take Asia
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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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode