FT reported about activization of fight against corruption in financial sector China

Moscow. April 10. information agency "Interfaks" - the New wave of anti-corruption investigations and essential growth of number of unscheduled inspections of venture funds shook financial sector China, writes newspaper "The Financial Times". Banks sharply reduce salaries and bonuses of the top management against investigations concerning the former high-ranking officials and cautions of the Central commission on check of the discipline (TsKPD) indicating inadmissibility of hedonism and maintaining "a bonus way of life". About 15 of 20 continental brokers whose business was analysed by FT, reduced remunerations the managements last year. With...