At its main markets of China and Hong Kong, CICC has slashed banker pay and considered reduce staffing levels. The investment bank has also suffered a slide in profit and in its stock price. Other investment banks in China have also been similarly hit, sparking a rush...
State-owned New China Life and CICC have set up a $1.4 billion fund to invest in companies with real estate projects, with that story leading Mingtiandi’s roundup of headlines. Also in the news, mainland home sales continue their slide despite Beijing’s policy efforts and Shanghai-based ...
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