💨 Abstract

China is set to reduce pay for staff at its top three financial regulators, including the central bank, by about half, aligning their salaries with other civil servants as part of a 2023 regulatory overhaul. The pay cuts for staff at the People’s Bank of China, National Financial Regulatory Administration, and China Securities Regulatory Commission will take effect this month.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖