|Bid||42.22 x N/A|
|Ask||42.23 x N/A|
|Day's Range||41.41 - 42.50|
|52 Week Range||35.15 - 61.30|
|Beta (5Y Monthly)||0.67|
|PE Ratio (TTM)||19.28|
|Earnings Date||Aug 27, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jul 15, 2021|
|1y Target Est||51.38|
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Beijing has instructed firms in China's financial industry to rein in pay levels, echoing President Xi Jinping's goal of promoting "common prosperity". The Ministry of Finance wants that the base salary of senior staff in financial institutions should not be more than 35 per cent of their total compensation package, while at least 40 per cent of their bonus payments should be deferred for three or more years, according to a notice published on its website on Wednesday. "Financial institutions sh
China's well-heeled financial dealmakers are getting a crash course in austerity with pay cuts and perks reined in, as their state-owned employers respond to Beijing's "common prosperity" drive, eight people with knowledge of the matter said. State-owned investment banks including China International Capital Corp (CICC) and Citic Securities have implemented pay cuts this year as well as delayed bonus payments to their staff, four of the people said. Others such as state-owned China Merchants Securities have slashed travel and entertainment allowances since the beginning of the year, two other people familiar with the matter told Reuters.
China International Capital Corporation Hong Kong Asset Management Limited ("CICC HKAM"), a wholly owned subsidiary of China International Capital Corporation Limited ("CICC", 601995.SH, 3908.HK), announced today the launch of the CICC China Equity Fund (the "Fund").