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CN Brokers Said to Hike Salaries for Junior Bankers in HK; CLSA Pay Hike Max. 30%; CMBI Follows
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CITIC SEC (06030.HK) and other Chinese brokers are once again raising the salaries of junior bankers in Hong Kong to improve retention rates and address the surge in trading volume, Bloomberg quoted insiders as saying. CITIC SEC is increasing the salaries at its Hong Kong subsidiary, CLSA, lifting the monthly salary for some junior associates by 15-30% to approximately $75,000 to $80,000, according to insiders. One insider said that the salary hike does not apply to all employees. CMBI, a subsidiary of CM BANK (03968.HK) in Hong Kong, also lifted the salaries of junior staff to similar levels, another insider added. As the competition for talent intensifies, many other companies are considering raises to following suit. AASTOCKS Financial News Website: www.aastocks.com |
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