Shanghai

Million-dollar jobs, travel perks and racy parties vanish as China’s research pullback sends chills through banks and brokers

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The cutbacks, described by people familiar with the matter, come as a prolonged market slump cuts trading commissions and authorities tighten limits around what research analysts are allowed to publish. It’s a sharp turnaround from a few years ago, when securities firms aggressively hired and offered compensation of 10 million yuan (US$1.4 million) or more … Read more

China’s relaxed entry rules bring more travel, but would-be tourists wary of remaining barriers

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During the Lunar New Year holiday week in February, China recorded 3.23 million tourism receipts, almost the same as the festival period in 2019, the official Xinhua news agency reported in February. A big boost to these figures came in December, when China began allowing citizens some countries to enter without a visa for 15 … Read more