China Tells

Straits Times Singapore: China plans to link the pay of bankers to the risk that the institutions take. According to the announcement from China on G20 in Pittsburgh, the country is working to improve the wage incentive mechanism by linking the pay to the risks. However at this stage no limitation on pay cap has been discussed yet. China’s banks are not hit as hard as western banks in the current financial crisis and some of them walk out as the winner on the global stage.

海峡时报报道，中国在G20峰会上表示，将改革银行业的薪酬制度，并将其和机构所承担的风险相挂钩。但是目前没有关于薪金上限的讨论。