China Banking and Insurance Regulatory Commission: The salaries of market risk management personnel should not be tied to direct operating profits.

China Banking and Insurance Regulatory Commission issued the "Commercial Bank Market Risk Management Measures". The measures state that commercial banks should avoid conflicts of interest between their compensation system and incentive mechanisms and market risk management goals. The board of directors and senior management should avoid negative effects of compensation systems that encourage excessive risk-taking, and prevent performance evaluations from focusing too much on short-term operating profit performance without considering long-term business risks. The compensation of staff responsible for market risk management should not be linked to direct operating income.