Source:
https://scmp.com/business/banking-finance/article/2182957/chinas-bankers-and-traders-face-smaller-year-end-bonuses
Business/ Banking & Finance

China’s bankers and traders face smaller year-end bonuses and fewer job opportunities in 2019 amid trade war and market rout

  • China’s securities industry last year saw its first annual headcount cut since 2014

China’s bankers and traders are facing smaller bonuses and fewer job opportunities, as the nation’s securities industry stutters after years of rapid growth.

The sector, adjusting to a slowing economy, tightening credit and plunging stocks, last year saw its first annual headcount cut since 2014, the earliest official data available. A drop in stock sales meant most securities firms didn’t win a single mandate last year, and a third of them will not pay bonuses for 2018, according to Eric Zhu, a Shanghai-based manager at global recruiter Morgan McKinley.