# wage cut

Shenzhen Stock Exchange Reports First Fall in Average Pay Since 2019 as Wage Bill Shrinks

Shenzhen Stock Exchange reported a drop in average pre‑tax annual pay to RMB 484,900 in 2024, an 8.63% decline year‑on‑year and the first sub‑RMB 500,000 average since 2019. Total wage payments fell despite a higher headcount, while senior executives’ disclosed pay remained modest by international exchange standards.