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Story summary
- Bank of China, the state-owned bank, recovered 47.18 million yuan from 4,630 individuals in 2025 as performance-based compensation clawbacks.
- Annual reports show major Chinese banks reduced staff bonuses or salaries due to a sluggish economy and Beijing's scrutiny.
- Other banks, including China Bohai Bank and Zhongyuan Bank, also reported clawbacks.
- These actions align with Beijing's 'common prosperity' initiative to reduce wealth disparity and curb extravagance in the financial sector.
