Page 4 - Rong Ma News Today : Breaking News, Live Updates & Top Stories | Vimarsana

China bankers told to shun flashy clothes, 5-star hotels in austerity drive | Hellenic Shipping News Worldwide

China bankers told to shun flashy clothes, 5-star hotels in austerity drive | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Hong kongRong maCity ofUnited kingdomSumeet chatterjeeSelena liXie yuBinbin huangJulie zhuZiyi tangXin sunKing college londonChina international capital corpChina construction bank corpCommercial bankCommunist party

Chinese financial firms implement austerity measures; cut salaries, bonuses, as Beijing cracks down on corruption

Chinese financial firms are implementing austerity measures, including cutting salaries and bonuses and curbing flashy lifestyles, as Beijing cracks down on corruption and tries to bridge the wealth gap.

City ofUnited kingdomHong kongRong maSelena liZiyi tangXie yuXin sunBinbin huangJulie zhuSumeet chatterjeeKing college londonChina international capital corpChina construction bank corpPresident xi jinpingCommercial bank

Analysis-China bankers told to shun flashy clothes, 5-star hotels in austerity drive

By Xie Yu, Ziyi Tang and Julie Zhu HONG KONG (Reuters) - From cutting salaries and bonuses and asking staff not to wear expensive clothes and watches .

Hong kongCity ofUnited kingdomRong maBinbin huangZiyi tangSumeet chatterjeeXin sunSelena liXie yuJulie zhuChina international capital corpKing college londonChina construction bank corpPresident xi jinpingCommercial bank

Analysis: China bankers told to shun flashy clothes, 5-star hotels in austerity drive

Financial professionals are among the highest-paid workers in China, and their wealth has drawn public criticism on social media as the economy slows, drawing Beijing's ire as well.

Rong maHong kongCity ofUnited kingdomZiyi tangBinbin huangJulie zhuXie yuXin sunSumeet chatterjeeSelena liThomson reuters trust principlesKing college londonChina international capital corpChina construction bank corpPresident xi jinping

Analysis-China bankers told to shun flashy clothes, 5-star hotels in austerity drive

From cutting salaries and bonuses and asking staff not to wear expensive clothes and watches at work, to reining in travel and entertainment expenses, Chinese financial firms have jumped on an austerity drive as Beijing pushes to bridge the wealth gap. Financial professionals are among the highest-paid workers in communist China and their wealth and flashy lifestyles have often come under criticism from the public on social media as the economy slows, drawing Beijing's ire as well. China's top graft-busting watchdog earlier this year vowed to eliminate ideas of a Western-style "financial elite" and rectify the hedonism of excessive pursuit of "high-end taste".

Rong maCity ofUnited kingdomHong kongBinbin huangXie yuSelena liSumeet chatterjeeJulie zhuZiyi tangXin sunKing college londonChina international capital corpChina construction bank corpPresident xi jinpingCommercial bank