Regulatory requirements require executives and fund managers to increase their investment ratio. The newly issued “Performance Assessment Management Guidelines for Fund Management Companies” requires that the deferred payment period for performance pay is not less than three years, and that the deferred payment ratio for the chairman, senior management, heads of major business departments, branch heads, and core business personnel is not less than 40% in principle. In terms of foundation holding and investment, senior managers and heads of major business departments shall purchase no less than 30% of the total performance remuneration for the year, of which no less than 60% of equity funds shall be purchased. Fund managers shall purchase no less than 40% of the total performance remuneration for the year. The fund manager shall purchase no less than 40% of the total performance pay for that year, with the exception of unequity products.

Regulatory requirements require executives and fund managers to increase their investment ratio. The newly issued “Performance Assessment Management Guidelines for Fund Management Companies” requires that the deferred payment period for performance pay is not less than three years, and that the deferred payment ratio for the chairman, senior management, heads of major business departments, branch heads, and core business personnel is not less than 40% in principle. In terms of foundation holding and investment, senior managers and heads of major business departments shall purchase no less than 30% of the total performance remuneration for the year, of which no less than 60% of equity funds shall be purchased. Fund managers shall purchase no less than 40% of the total performance remuneration for the year. The fund manager shall purchase no less than 40% of the total performance pay for that year, with the exception of unequity products.