Updated:2026-01-03 07:43 Views:140
The China Securities Law (CSL) has recently revised its salary cap policy, reducing the maximum salary for employees in listed companies from 12 million yuan to 4.5 million yuan per year.
The new policy aims to promote fair competition and encourage innovation among listed companies, as well as protect the interests of shareholders. The revised policy also reflects the changes in market conditions and the increasing importance of corporate governance in recent years.
Under the revised policy, listed companies will be required to set up internal incentive mechanisms to ensure that their employees' salaries do not exceed the new salary cap. In addition, the company's board of directors must approve any salary increase above the new limit.
The revision of the salary cap policy is seen as a positive step towards promoting transparency and accountability in the Chinese stock market. It also reflects the government's commitment to ensuring fair competition and protecting the interests of shareholders.
Overall, the revised salary cap policy will help to create a more level playing field for listed companies and encourage them to focus on innovation and profitability rather than simply chasing high salaries.