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China cuts top exec pay at banks, state firms

Bank bosses' salary pegged at 600,000 yuan a year in move to close income gap: sources

Shanghai

CHINA has cut pay for top executives at its biggest banks and some other state-owned companies as part of efforts to combat inequality, said people with knowledge of the matter.

Senior managers at the nation's five largest lenders - all of which are government-controlled

sentifi.com

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