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CICC Cuts Deal Makers' Pay
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Chinese brokerage CICC is slashing dealmakers' base pay by 25% to reduce costs in response to market volatility and Beijing's austerity measures, affecting over 2,000 bankers.
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How could similar cost-cutting measures in the financial sector influence market stability and investor confidence?
How might the reduced pay impact the morale and retention of CICC's dealmakers?
What strategies could CICC implement to mitigate the financial impact on affected employees?
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