Page 8 - Citic News Today

The Hong Kong stock market has moved higher in five straight sessions, gathering almost 1,470 points or 8.7 percent along the way. The Hang Seng Index now sits just above the 17,650-point plateau and it has a strong lead again for Monday's trade.

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China International Capital Corp (CICC) is cutting the base pay of onshore investment bankers by as much as 25%, three sources said, in a major effort to reduce costs amid volatile markets and Beijing's austerity drive. CICC didn't immediately respond to Reuters' request for comment on Sunday. The salary cuts will affect more than 2,000 bankers, and come after one of the largest investment banks in China by headcount trimmed bankers' bonuses last year by up to 40%, as Reute...

China International Capital Corp is cutting the base pay of onshore investment bankers by as much as 25%, three sources said, in a major effort to reduce costs amid volatile markets and Beijings...

The salary cuts will affect more than 2,000 bankers.

CITIC Securities Co , Chinas biggest brokerage, on Friday reported an 8.5% fall in first-quarter net profit. Net profit fell to 4.96 billion yuan in the three months to March 31,...

(RTTNews) - The Hong Kong stock market has moved higher in four straight sessions, gathering almost 1,100 points or 6.5 percent along the way. The...

By Jiahui Huang Shares of several Chinese financial services companies traded higher in the mainland and in Hong Kong on Friday on expectations that the sector may see consolidation after...

The holiday-filled February market in China threw some light on the self-help sector and the desire of many consumers to upgrade their social relationships.