Previous close | 0.9900 |
Open | 1.0800 |
Bid | 0.0000 x 151200 |
Ask | 0.0000 x 143200 |
Day's range | 1.0800 - 1.1000 |
52-week range | 0.9500 - 2.0800 |
Volume | |
Avg. volume | 1 |
Market cap | 14.985B |
Beta (5Y monthly) | 0.88 |
PE ratio (TTM) | 7.33 |
EPS (TTM) | 0.1500 |
Earnings date | N/A |
Forward dividend & yield | 0.02 (2.09%) |
Ex-dividend date | 04 Jul 2023 |
1y target est | N/A |
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 Reuters reported in April last year.
(Bloomberg) -- Brokerage analysts in China are confronting a harsh new reality. Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?China Tells Iran Cooperation Will Last After Attack on IsraelPowell Signals Rate-Cut Delay After Run of Inflation SurprisesRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsThe industry — which employs thousands of people who research and opine about stock
A top executive who left investment bank China International Capital Corp (CICC) is set to join sovereign wealth fund CIC to avoid a potential conflict of interest as his brother heads the securities regulator, six sources said. China has long vowed tougher discipline of leaders and officials, and the latest move comes against the backdrop of sweeping changes to top regulatory bodies made in recent years by President Xi Jinping so as to improve supervision. Wu Bo, most recently the president and CFO of state-owned CICC, is the younger brother of Wu Qing, who took the helm of the China Securities Regulatory Commission (CSRC) in February, said the sources with knowledge of the matter.