China Investment Bank Implements Strict Measures to Curb Negative Research and Flaunting of Wealth
China International Capital Corp., one of China's largest investment banks, has issued a memo instructing its analysts to refrain from making negative comments about the economy or markets and to avoid displaying their wealth. The memo comes as Beijing tightens its control over well-paid bankers and urges employees to avoid wearing luxury brands or disclosing their compensation to third parties.