TWO Chinese companies and JPMorgan have become the latest banking groups to cut jobs in China as a slow recovery in listing and dealmaking activities force them to ramp up cost controls, reports Reuters. Beijing-based China International Capital Corp (CICC) is planning to reduce its investment banking headcount by at least 10 per cent this year, two people with knowledge of the matter told Reuters. Peer CITIC Securities is cutting around a dozen investment banking jobs in Hong Kong, according...
https://www.seanews.com.tr/several-financial-houses-trim-chinese-investment-banking-jobs/200313/