China mulls 50% pay cuts for underperforming fund managers

China is considering slashing pay of fund managers who underperform their benchmarks as part of a broad overhaul of the nation’s 33 trillion yuan ($4.6 trillion) mutual fund industry aimed at boosting long-term investments, according to people familiar with the matter.

source https://www.livemint.com/market/china-mulls-50-pay-cuts-for-underperforming-fund-managers-11741972784796.html