Pay for most senior investment bankers at Wall Street firms in Asia dropped to the lowest level in almost two decades, according to people familiar with the matter, as a dearth of deals in China and Hong Kong hammered the industry. Total compensation for many senior bankers in Asia ex-Japan fell to $700,000 to $800,000, well below the $1 million …
Amid China’s ongoing crackdown on multiple sectors in civil society, the country’s state council published a set of guidelines last week, aiming to promote a “civilized” internet by strengthening supervision over news websites and online platforms by asking them to promote socialist values. The escalation of suppression has scared a lot of people in China, which results in a lot …
