In brief

• CSRC issues series of measures regarding employee remuneration in securities and fund industries
• Amended Shanghai Labor Union Regulations provide some additional protections for employees
• Guangzhou court rejects company's claim of copyright in work created by an employee
• Supreme People's Court highlights case regarding invalid non-compete term
• Supreme People's Court issues guiding case highlighting importance of termination notices
• Supreme People's Court provides guidance on bonus disputes involving departing employees
• Hangzhou court rules company may not force employees to set off quarantine period against annual leave entitlement
• Failure to follow democratic consultation procedure leads to unlawful dismissal ruling

CSRC issues series of measures regarding employee remuneration in securities and fund industries

In recent months, the China Securities Regulatory Commission (CSRC), along with other government bodies and industry associations, has issued a series of new guidelines and measures regulating how companies in the securities and fund management industries may remunerate and compensate their employees.

The focus of the new measures is to prohibit short-term assessments and excessive incentives, while requiring employers to establish diversified, long-term incentive mechanisms and sound internal mechanisms for remuneration-related accountability, to prevent potentially risky conduct that could arise from unreasonable remuneration systems.

Strict...

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