Major Chinese Brokerages Revise Pay Management Rules, Add Deferred Pay and Clawback Provisions

Several Chinese securities firms, including CITIC Securities, China International Capital Corp (CICC), China Securities, Guotai Haitong and Huatai Securities, have disclosed revised compensation management rules and completed shareholder meeting reviews, according to 36Kr. The revisions focus on performance assessment, deferred payment of compensation, and clawback and recoupment mechanisms.