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China Bankers Earn Less Than New York Peers as Pay Dives

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Investment bankers in China can say goodbye to big pay packages.

Compensation for managing directors at global financial firms in China, including Morgan Stanley, JPMorgan Chase & Co. and Deutsche Bank AG, has fallen as much as 60 percent since 2010 to the lowest level in a decade, according to five senior bankers with knowledge of employee pay who asked not to be identified because they aren’t authorized to discuss the matter.