Logo 16 May 2023

What isn’t in your wallet?

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It’s time for financial officials to tighten their diamond-studded belts.
That's according to the securities regulator's (CSRC) 2023 budget report, released on Friday.

The headline: The CSRC’s overall budget has dropped 3.6% y/y to RMB 744.7 million.

The big news is on the compensation side:

The ...