Chinese fund manager asks staff to return pay from past 5 years in excess of new cap

Chinese fund manager asks staff to return pay from past 5 years in excess of new cap

Woman holds Chinese Yuan banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

A top 10 Chinese fund manager has asked senior executives to return pay received over the past five years that exceeds a new cap, to tally with a government initiative promoting economic equality, said two people with direct knowledge of the matter.

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