CSRC Battles to Keep Talent Amid Wage Restraint, Stricter Monitoring
Yicai Global
/SOURCE : Yicai
CSRC Battles to Keep Talent Amid Wage Restraint, Stricter Monitoring

(Yicai Global) June 3 -- Five senior officials have reportedly resigned from the China Securities Regulatory Commission as the capital market regulator battles to keep talent due to tightening wage restraints and strict anti-corruption monitoring.

Since 2014, over 10 CSRC officials have left their positions, including seven officials from the Department of Public Offering Supervision. Some are individuals who have worked at the commission for over ten years.

The China Securities Regulatory Commission, which falls under the jurisdiction of the State Council, has been a target of investigation by China's anti-corruption department since 2013 and a number of its officials have been charged with bribery.

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