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Real-time News
On April 17th, the overall approach to this revision is threefold: First, it adheres to a goal-oriented approach. It implements the requirements of the new "Nine Articles" to "improve the compensation management system for the securities and fund industry to be compatible with operating performance, business nature, contribution level, compliance and risk control, and social culture," further optimizing principles and objectives to guide securities companies in establishing a compensation management mechanism that balances incentives and constraints, efficiency and fairness, and long-term and short-term considerations. Second, it focuses on optimization and improvement. While maintaining the overall framework, this revision refines and improves aspects such as the responsibilities of the board of directors and management, the establishment of a total compensation determination mechanism, the application of deferred payments, and recourse methods, further enhancing the applicability and operability of the rules. Third, it emphasizes long-term stability. The new growth cycle assessment requirements specify the scope of major business departments and core personnel, the main content of performance assessment indicators, etc., reinforcing the companys primary responsibility and strengthening the construction of long-term incentive and constraint mechanisms.April 17 – As French President Emmanuel Macron and British Prime Minister Keir Starmer convened a leaders meeting late Friday to discuss the Middle East, European countries have diverged on how to carry out the task of securing the Strait of Hormuz. According to sources, the main point of contention between Germany and France centers on whether the United States will participate. German Chancellor Merz wants the US involved, while France insists that only “non-belligerent states” should join. Any participation from these countries can only occur after peace is achieved in Iran. Washington was not invited to the meeting; Macron, Merz, Starmer, and Meloni will attend in person, while other leaders will participate via video. Sources indicate that the Élysée Palace has outlined three priorities: clearing mines from the strait; ensuring free passage for ships; and protecting international freedom of navigation rules.On April 17, the China Securities Regulatory Commission (CSRC) issued an administrative penalty decision. Since August 2023, Hu Bo controlled and used Sina Weibo accounts such as "Captain Jack Macro Strategy" and "Captain Jack Macro Strategy Gossip" to fabricate and disseminate false or misleading information regarding capital market regulatory developments and policies, disrupting the securities market. Based on the facts, nature, circumstances, and degree of social harm of the partys illegal conduct, and in accordance with Article 193, Paragraph 1 of the Securities Law, the CSRC decided to impose a fine of 800,000 yuan on Hu Bo. Given the seriousness of Hu Bos illegal conduct, the CSRC also decided to impose a 3-year ban on Hu Bo from the securities market.Bank of England Deputy Governor Lester Brident: The difference is that we now have a more resilient banking system and a focused approach. We monitor the situation, enhance its resilience as much as possible, and have targeted measures in place to address potential stress.Bank of England Deputy Governor Brident: Were hearing familiar rhetoric about leverage, complexity, concentration, and opacity in the private markets, the government bond market, and overvalued sectors. If some of these factors all come together at once, we could face a difficult period.
