Banker Talent War Spurs CICC to Add New Paths for Promotion

According to people who knew the issue, China International Capital Corp. has created new layers of business titles for senior investment bankers, because the agreement tried to maintain skills in the midst of an explosion.

Among the new roles, Senior General Manager and Director said that the public wanted the process not to be defined because the process is not public. The people said that the Chinese bank adopted this approach at a time when it was difficult to give significant wage increases or bonuses.

Senior General Manager will be a higher role, then the General Manager, General Manager and then will be the director, he said.

CICC representative did not respond to requests looking for comments.

Although the industry in China has found a place to give a payment to some young personnel, it has been proven to be more difficult at high levels, especially as the Chinese government selected and criticized because it was “hedonistic”.

Nevertheless, a sharp increase in the agreement flow, the bankers made high demand and sought opportunities. The event is directed by the mainland Chinese -based companies that want to list in Hong Kong, as well as convertible and replaceable bonds. This year, the volume of agreements, including merger and acquisitions containing Chinese companies, increased by 54% from the same period in 2024 to 261 billion dollars.

In a statement on Tuesday, Bloomberg News, AI chip producer of the CICC’s chairman of the stock sales in Hong Kong, Shanghai Biren Technology Co. and reported that he had left to join Yang Sulan, the President of the Consumer Investment Banking. Technology, Media and Telecommunication Banner Victor Jiang went to Deutsche Bank AG.

Historically, CICC has paid the bankers equally with the likes of Goldman Sachs Group Inc., and has made some major wage cuts in recent years. For some senior bankers for 2022, Bloomberg has decreased more than 40% after a difficult year for work, and last year, last year, he rarely steps to destroy senior bankers and reduce their wages to reduce costs.

This article was created from an automatic news agency feeding without changing the text.