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CN Reportedly Considers Halving Pay for Underperforming Fund Managers
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China is considering cutting the pay of underperforming fund managers as part of a broader reform of the mutual fund industry and a plan to push forward long-term investment, Bloomberg reported, citing sources. China's authorities are said to suggest halving the pay of fund managers if a fund product incurs losses or its return rate is 10% lower than the benchmark. The pay cut will be part of the regulators' long-term evaluation mechanism, but the specific timeline for implementing the mechanism is not yet clear. AAStocks Financial News |
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