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China International Capital Corp is planning to demote some of its senior bankers and cut their pay, people with knowledge of the matter said, an unusual move that could lead to voluntary departures.

Hong kongGoldman sachsChinese president xi jinpingJob lossesPay cutsCost cuttingChina international capital corpInvestment bankFinancial institutionsInvestment bankersManaging directorPerformance rating systemRestructuring expensesSenior bankersTate owned chinese bankXi jinping