03/28/2008 02:46 am ET Updated May 25, 2011

Million-Dollar Bonuses Arrive In China

The million-dollar bonus has arrived in China's financial services industry as local firms, buoyed by the spectacular boom in the country's markets, compete to hire from the small pool of experienced staff.

Fierce competition has forced companies to start offering Wall Street-type compensation, especially in the fund management industry, according to industry executives, headhunters and consultants.

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