China Everbright in Hong Kong has imposed partial bonus clawbacks on some staff. Separately, Palau faces rising pressure from China, including cyberattacks, over its Taiwan ties, prompting regional responses from the U.S., Japan, and Australia.
China's Financial Firms in Hong Kong Introduce Bonus Clawbacks
China Everbright Ltd. has introduced a policy requiring some Hong Kong employees to return less than 10% of their bonuses.
The number of affected employees and whether non-executive staff will be impacted are not yet clear.
This marks an extension of austerity measures at state-owned firms, which had previously focused on mainland employees.
Palau Reports Intensified Pressure from China
Palau’s president informed Nikkei that China’s pressure has increased, citing a recent tourism delegation barred from Macao and a cyberattack on Palau's customs and border systems.
As one of the few nations with formal diplomatic ties to Taiwan and an associated state with the U.S., Palau also experienced a ransomware attack in March, which led to sensitive government documents being leaked on the dark web.
China’s expanded influence in the Pacific, including a security pact with the Solomon Islands, has spurred the U.S., Japan, and Australia to increase their involvement in the region to counter China’s growing presence.
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