Latest news with #HuangHouming
Bloomberg
14-05-2025
- Business
- Bloomberg
Taiwan Regulator Probes Firms for Pressuring Staff to Sell ETFs
Taiwan's financial regulator is probing 20 financial institutions over how they pushed staff to sell exchange-traded fund products, the latest sign of excessive competition in one of Asia's biggest ETF markets. The Financial Supervisory Commission will probe ten brokerages, nine asset managers and a bank for allegedly pressuring staff to meet sales quotas for newly launched ETFs, said Huang Hou-ming, deputy director-general of the FSC's Securities and Futures Bureau. The regulator received complaint letters from employees across the firms, he said.
South China Morning Post
07-02-2025
- Business
- South China Morning Post
Chinese eatery praised for sharing US$74,000 Lunar New Year profit with staff
Published: 6:00pm, 7 Feb 2025 A hotpot restaurant in southwestern China has been lauded for distributing the 532,000 yuan (US$74,000) in profits it made over three days of the Chinese Spring Festival among its staff. On January 31, the Qilichuan Hotpot Restaurant in Suining, Sichuan province, made headlines with its generous move. The restaurant's owner, Huang Houming, insisted that it was a long-running tradition, not a 'publicity stunt'. Huang said the chain has eight branches, which together made sales of more than one million yuan (US$140,000) over a three-day period. Staff at the eatery were clearly pleased with their Lunar New Year windfall. Photo: Baidu The company has more than 200 employees, and while some took time off during the holiday, around 140 people qualified for the cash handout. 'We just wanted to let the employees have a lively and happy Lunar New Year. It is also for those who have worked hard throughout the year,' said Huang.
