Brokerage CICC slashes bonuses as Beijing dials up income disparity rhetoric

Brokerage CICC slashes bonuses as Beijing dials up income disparity rhetoric

FILE PHOTO: The company logo of China International Capital Corporation Ltd (CICC) is displayed at a news conference on the company's annual results in Hong Kong, China, March 30, 2016. REUTERS/Bobby Yip/File Photo

Dealmakers at China International Capital Corp (CICC) will see bonuses slashed by as much as 40%, three sources said, in one of the financial sector’s biggest cuts in two years since a renewed government push to narrow income disparity.

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