An empty road in Shanghai’s central business enterprise district during a lockdown amid the coronavirus condition (COVID-19) pandemic, in Shanghai, China April 16, 2022. REUTERS/Aly Song/File Photograph
Sign-up now for No cost limitless obtain to Reuters.com
HONG KONG, July 29 – China’s effectively-heeled financial dealmakers are obtaining a crash course in austerity with spend cuts and perks reined in, as their condition-owned businesses reply to Beijing’s “prevalent prosperity” push, 8 persons with information of the make any difference stated.
Condition-owned financial commitment banking companies which include China Intercontinental Cash Corp (CICC) (3908.HK) and Citic Securities have applied shell