Chinese bankers brace for "brutal bonus season": Reuters

Dwindling business on local stock markets is to blame.

According to Reuters, bankers and brokers in China are expecting a brutal bonus season over the next few weeks, as business dwindled on local stock markets last year, dragging industry profits down by half. Data from headhunters and industry sources suggest an equities trader in China would have earned between 500,000 and 850,000 yuan ($73,000-$124,000) in 2016, with a 12-month bonus paid in the first half.

But this year the industry is struggling after the stock market boom came to a turbulent end in 2015 and regulators stepped in to manage the turmoil, hitting local banks and global players trying to boost their Asia business.

Read the full story here.

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