One of China's biggest banks banned negative research on the economy and markets, Bloomberg reported. CICC also told employees to avoid wearing luxury brands or disclosing their pay to people outside the bank.

Chinese bankers have been told not to show off their wealth as the country’s economy loses momentum despite government stimulus. China International Capital Corporation (CICC), one of the country’s largest banks,

One of China’s largest investment banks has warned its analysts against making any bearish calls and to avoid showing off their lavish lifestyle, as Beijing continues to clamp down on well-paid bankers.