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China may let listed firms pay staff partly with stocks

Sunday, August 5, 2012

WN.com - Business News
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China may let listed firms pay staff partly with stocks
Aug 6th 2012, 02:32

SHANGHAI (Reuters) - China's stock regulator is considering a scheme under which listed companies can buy back shares and use them pay up to 30 percent of wages and bonuses for staff, its latest move to help boost the country's sagging stock market. In draft rules published over the weekend, the China Securities Regulatory Commission (CSRC) said the shares issued to staff would have to be bought on the secondary market, which would...
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